Harman Patil (Editor)

Evergreen Marine

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Industry
  
Transport

Founded
  
1968

Owner
  
Evergreen Group

Parent organization
  
Evergreen Group

Evergreen Marine httpsuploadwikimediaorgwikipediaen33fEve

Type
  
Public (LSE: EGMD) (TWSE: 2603)

Key people
  
Chang, Cheng-Yung (Chairman)

Products
  
Shipping Cargo Freight distribution

Revenue
  
NTD 144.924 billion (2007) $4.556 billion (2007) £2.588 billion (2007)

Stock price
  
2603 (TPE) NT$ 14.45 -0.50 (-3.34%)10 Mar, 1:30 PM GMT+8 - Disclaimer

Headquarters
  
Luzhu District, Taoyuan, Taiwan

Subsidiaries
  
Evergreen Shipping Spain, S.L.

Taiwan s evergreen marine billionaire chang yung fa dies at age 90


Evergreen Marine Corporation (Chinese: 長榮海運) (LSE: EGMD TWSE: 2603), is a Taiwanese container transportation and shipping company. Headquartered in Luzhu District, Taoyuan City, Taiwan, is a global containerized-freight shipping company. Its principal trading routes are: the Far East to North America, Central America and the Caribbean; the Far east to northern Europe and the east Mediterranean; Europe to the east coast of North America; the Far East to Australia, Mauritius, South Africa and South America; and an intra Asia service linking ports in Asia to the Middle East, Persian Gulf and the Red Sea. With over 150 container ships it is part of the Evergreen Group conglomerate of transportation firms and associated companies. Evergreen calls on 240 ports worldwide in about 80 countries, and is the fourth largest company of its type, ranked behind Maersk, Mediterranean Shipping Company, and CMA CGM (in order). The company's activities include: shipping, construction of containers and ships, management of ports, and engineering and real estate development. Subsidiaries and divisions include Uniglory Marine Corp. (Taiwan), Evergreen UK Ltd. (UK), and shipping company Italia Marittima S.p.A. (Italy). In 2007, Hatsu, Italia Maritima, and Evergreen were merged into the single "Evergreen Line."

Contents

The majority of Evergreen's shipping containers are painted green with the word "Evergreen" placed on the sides in white letters. Uniglory containers are similarly painted and marked, but those containers are bright orange. Evergreen's refrigerated "reefer" containers have a reverse color scheme (white containers with green lettering).

Uni promote evergreen marine group container ship


History

The company was founded 1 September 1968 by the chairman of the company, billionaire Yung-Fa Chang. Services began with a single cargo vessel named Central Trust, which operated a "go-anywhere" service. A second vessel was added in 1969, and used on Middle East services. Additional vessels were acquired through the 1970s, and routes to East Asia and Central America were added. Service to the U.S. began in 1974, with the establishment of Evergreen Marine Corporation (New York) Ltd.

In 1981, the parent company changed its name to Evergreen International S.A. (EIS), as the company increased its global expansion efforts. Evergreen Marine began its first circumnavigation shipping services in 1984. This service is bi-directional, covering both westbound and eastbound routings.

Since then, Evergreen Marine has expanded to include other shipping companies such as the Uniglory Marine Corp. (Taiwan) in 1984, the Hatsu Marine Ltd. (U.K.) in 2002, and the Italian shipping company Italia Marittima (previously Lloyd Triestino, and founded as "Österreichischer Lloyd" in 1835) in 1993. Uniglory was made a division of the company in 1999. Evergreen Marine has also become a partner of EVA Airways, founded in 1989, and Uni Air, founded in 1998.

In 2002, Evergreen Marine operated 61 container vessels, with a total fleet size totaling 130 vessels with 400,000 TEU (twenty-foot equivalent units). By 2008, Evergreen Marine operated 178 container vessels. In 2009, the company announced plans to build 100 additional vessels, in anticipation of a global economic recovery by 2012.

Operations

Evergreen Marine's operations primarily center around five general routings:

  • East Asia to North America/Central America
  • East Asia to Northern Europe/Mediterranean
  • Europe to North America (transatlantic)
  • East Asia to Southern Hemisphere (intercontinental)
  • Intra-Asia

    • The shipping line's busiest routings are in the first category, East Asia to North America and Central America. Within this area, common traffic is between China, Japan, Korea, and Taiwan with the U.S. West Coast, along with routings to the East Caribbean via Panama.

    Fleet

    Evergreen Marine (including Uniglory, Lloyd Triestino & Hatsu) operated 153 container ships with 439,538 twenty-foot equivalent units (TEU) on 1 May 2005. In total, Evergreen Marine operated 178 container ships in 2008.

    Containership classes

    The following are Evergreen containership classes since 1975:

  • Ever Spring–class, 4 ships, 646 TEU, built 1975–1976
  • Ever Valor–class, 7 ships, 1214 TEU, built 1977–1979
  • Ever Level–class, 6 ships, 1800 TEU, 1979–80, 1983
  • Ever G–class, 3 ships, 2240 TEU, built 1983
  • Ever G–class, 17 ships, 2728 TEU, built 1984–1985
  • Ever GL / GX–class, 11 ships, 3428 TEU, built 1986–1988 some by CSBC Corporation, Taiwan
  • Ever Racer–class, 10 ships, 4229 TEU, built 1993–1995
  • Ever Dainty–class, 10 ships, 4163 TEU, built 1997–1998
  • Ever Ultra–class, 18 Post-Panamax ships, 5364 TEU, built 1996–2001 by Mitsubishi Heavy Industries, Nagasaki and Kobe
  • Ever A–class, 14 ships, 1162 TEU, built 1996–1999
  • Ever P–class, 16 ships, 1618 TEU, built 1999–July 2003 by Evergreen Shipyard, Nagasaki
  • Hatsu Eagle–class, 5 Post-Panamax ships, 6332 TEU, built December 2001–December 2002 by Mitsubishi H. Ind.
  • Hatsu Shine–class, 10 Post-Panamax ships, 7024 TEU, built September 2005 – 2008 by Mitsubishi H. Ind., Kobe
  • LT Cortesia–class, 8 Post-Panamax ships, 8100 TEU, built May 2005–May 2006 by Samsung (long-term charter from Conti-NSB/Germany)

    • The following are vessels transferred between Evergreen Marine and Uniglory Marine (Taiwanese or Panamanian flag) and subsidiaries:

  • Lloyd Triestino / Italy (ship name begins with pre-fix "LT", since 2006 with "Ital
  • Evergreen UK Ltd. / UK (ship name begins with pre-fix "Ever"): Hatsu Marine was renamed Evergreen UK (previously, Evergreen UK ships, as Hatsu ships, were prefixed with the word "Hatsu", for example, the Hatsu Sigma is now known as the Ever Sigma.)
  • Some vessels delivered as new buildings to these subsidiaries.

    • Terminals

    Evergreen Marine operates four major transshipment hubs, and multiple container terminals.

    Transshipment hubs

  • Taichung Container Terminal, Taiwan
  • Kaohsiung Container Terminal, Taiwan
  • Colon Container Terminal, Panama
  • Taranto Container Terminal, Italy

    • Terminals

  • Evergreen Los Angeles Terminal, California
  • Evergreen Pierce County Container Terminal, Tacoma, Washington
  • Evergreen terminals in Asia (e.g. Thailand), Europe (e.g. Italy), and elsewhere

    • Maritime lines

    Since 2007, the following have been merged into the single Evergreen Line.

  • Uniglory Marine Corp. (Taiwan)
  • Evergreen UK Ltd. (UK)
  • Italia Marittima S.p.A. (Italy)

    • Service network

    Evergreen Marine's worldwide service network is handled through the following agencies:

    References

    Evergreen Marine Wikipedia
    (Text) CC BY-SA