Evergreen Line

Evergreen Line

Evergreen Line operates the fourth-largest container fleet in the world, with more than 180 ships with total capacity of approximately 650,000 TEUs (20-foot-equivalent units).

Evergreen Line is the unified common trade name for the four shipping companies of the Evergreen Group. The brand ‘Evergreen Line’ is used for international marketing purposes for the company, which is based in Taipei, Taiwan.

Evergreen Line was the third-ranked container carrier in U.S, containerized import trade in 2013, with volume of 1,319,994 TEUs, up 9.1 percent year-over-year, giving it market share of 7.3 percent. Furthermore, it was No. 4 in U.S. containerized export trade in 2013, with volume of 788,083 TEUs, up 0.9 percent year-over-year, and with market share of 6.2 percent. For more carrier rankings, see the JOC’s Top 40 Container Carriers special topic.

COSCO, ‘K’ Line, Yang Ming, Hanjin, and Evergreen Line have agreed in principle to an expanded CKYHE Alliance.

14 Nov 2014
Evergreen is dropping Los Angeles and Oakland port calls from a westbound U.S. East Coast to North Asia service due to berthing delays tied to the congestion at U.S. West Coast ports, the carrier said Friday.
Ocean Carrier Rate Revision Roundup for Feb. 28
28 Feb 2014
Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
Evergreen equipment
20 Feb 2014
Evergreen Line and the four members of the CKYH Alliance have agreed in principle to form a new alliance that will share ships on trades between Asia and North Europe and the Mediterranean.
18 Feb 2014
Evergreen Line has confirmed that it is in negotiations with the CKYH Alliance to form a new alliance...
Ocean Carrier Rate Revision Roundup for Feb. 7
10 Feb 2014
Major container lines hope to increase rates in multiple trade lanes in March, April and May, although any hikes achieved could be fleeting.
MSC Mediterranean container ship
06 Feb 2014
Shippers should expect declining container ship reliability over the near term.
TraPac terminal in Jacksonville
06 Feb 2014
After more than five years of inertia in the marine terminal business, the industry is beginning to churn. Some investors who spent billions of dollars in the mid-2000s to buy into container terminals want out, while others see this as a good time to invest in the industry.
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
Port of Hong Kong
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
Ocean Carrier Rate Revision Roundup
27 Jan 2014
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
Ship led by tugboat
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
Ocean Carrier Rate Revision Roundup
10 Jan 2014
Major container lines hope to implement rate increases in a variety of trades in January and February, despite signs that any hikes achieved may be fleeting.