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.

09 Apr 2015
Evergreen Line and Simatech Shipping have reached a vessel-sharing agreement to jointly operate a new container service connecting the Indian subcontinent and the Middle East, starting in early May.
02 Apr 2015
Evergreen Line plans to upgrade its intra-Asia service network by joining the India-Far East Express Service operated by a consortium of Wan Hai Lines, Pacific International Lines, “K” Line, Shipping Corporation of India and Simatech Shipping.
09 Feb 2015
There are now more than 1 million TEUs of capacity on ultra-large ships on the waters or on order after Evergreen Marine announced late last month it had finalized plans to charter 11 new vessels with capacity for 18,000 TEUs each
28 Jan 2015
Evergreen Marine Corp. on Wednesday finalized plans to charter an 11-strong fleet of 18,000 TEU ships, becoming the latest carrier to deploy ultra-large container vessels but raising questions about how appropriate such ships designed for an era of slow steaming are after the recent plunge in oil prices.
26 Jan 2015
The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
19 Jan 2015
Low bunker fuel prices are helping container shipping line balance sheets, but another impact will be improved schedule reliability as carriers can afford to speed up vessels to make up time lost to rising congestion at many ports around the world.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
04 Dec 2014
The CKYHE Alliance this week received U.S. regulatory approval to further integrate its newest member, Evergreen Line, into its vessel-sharing agreement covering the trans-Pacific and trans-Atlantic trade lanes.
24 Nov 2014
Evergreen Marine recorded an $80 million net profit in the three months ending Sept. 30. as the carrier added a second profitable quarter since joining the CKYH Alliance in March.
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.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
03 Nov 2014
Steadily dropping bunker fuel prices have raised the intriguing possibility of slow-steaming carriers starting to speed up ships, which would have the immediate effect of injecting huge amounts of additional capacity into a heavily oversupplied market.