Evergreen Marine Corporation

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Evergreen Marine Corporation
長榮海運
TypePublic
TWSE: 2603
LSE: EGMD
IndustryContainer shipping
Marine transportation
Founded1968; 53 years ago (1968)
Headquarters
Luzhu District, Taoyuan City
,
Taiwan
Area served
Worldwide
Key people
Cheng-Yung Chang (Chairman)[1][2]
Products
  • Containers
  • Freight delivery
  • Supply chain management
RevenueNTD 124.467 billion (2016)[3]

$4.266 billion (2018)[4]

£3.038 billion (2018)[4]
OwnerEvergreen Group
Number of employees
10,496 (2020) Evergreen Marine Corp. Taiwan
DivisionsUniglory Marine Corp. (Taiwan)
Evergreen UK Ltd. (UK, -2007)
Italia Marittima S.p.A. (Italy, -2007)
Websitewww.evergreen-marine.com
Evergreen Marine Corporation
Traditional Chinese長榮海運
Simplified Chinese长荣海运

Evergreen Marine Corporation (Chinese: 長榮海運; Pe̍h-ōe-jī: Tióng-êng Hái-ūn) (LSE: EGMD TWSE: 2603) is a Taiwanese container transportation and shipping company headquartered in Luzhu District, Taoyuan City, Taiwan.[5] Its principal trading routes are East Asia to North America, Central America and the Caribbean; East Asia to the Mediterranean and northern Europe; Europe to the east coast of North America; East Asia to Australia; East Asia to eastern and southern Africa; East Asia to South America; and an intra Asia service linking ports in East Asia to the Persian Gulf and the Red Sea.[6] With over 150 container ships, it is part of the Evergreen Group conglomerate of transportation firms and associated companies.

Overview[]

Evergreen calls on 240 ports worldwide in about 80 countries, and is the fifth largest company of its type. 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 Marittima, and Evergreen were merged into the single "Evergreen Line."

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).

History[]

The company was founded 1 September 1968 by Yung-Fa Chang. Services began with a single cargo vessel named Central Trust, which operated a "go-anywhere" service.[7] A second vessel was added in 1969, and used on Middle East services.[7] Additional vessels were acquired through the 1970s, and routes to East Asia and Central America were added.[7] Service to the U.S. began in 1974, with the establishment of Evergreen Marine Corporation (New York) Ltd.[7]

Evergreen's trademark green worldwide shipping containers.

In 1981, the parent company changed its name to Evergreen International S.A. (EIS), as the company increased its global expansion efforts.[7] Evergreen Marine began its first circumnavigation shipping services in 1984. This service is bi-directional, covering both westbound and eastbound routings.

In 1992, almost 29,000 rubber ducks called "Friendly Floatees" were unintentionally dumped into the Pacific Ocean from a container lost overboard by the Evergreen ship Ever Laurel.[8]

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.[7] 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).[7] By 2008, Evergreen Marine operated 178 container vessels.[9] In 2009, the company announced plans to build 100 additional vessels, in anticipation of a global economic recovery[10] by 2012.[9]

On 23 March 2021, Evergreen's vessel Ever Given became stuck in the Suez Canal, leading to a significant impediment in marine shipping world-wide.[11][12] After nearly a week, tugboats and heavy machinery managed to re-float and free the ship.[13]

Operations[]

Evergreen Marine Building on Minsheng East Road Sec. 2, Taipei, Taiwan.

Evergreen Marine's operations primarily center around five general routings:[14]

  • 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.[14] Within this area, common traffic is between Taiwan, Japan, Korea, and China with the U.S. West Coast, along with routings to the East Caribbean via Panama.[14]

Terminals[]

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

Evergreen Kaohsiung Container Terminal, Taiwan

Transshipment hubs[]

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

Terminals[]

  • Evergreen Los Angeles Terminal, California
  • Evergreen Pierce County Container Terminal, Tacoma, Washington
  • Evergreen Terminal(ETS), Oakland, California
  • Evergreen terminals in Asia, (e.g. Thailand), Europe (e.g. Italy), and elsewhere
  • Evergreen terminals in Middle East, North Yard Company

Subsidiaries and divisions[]

Maritime lines[]

The "Ever Safety" in Hamburg, June 2013

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

Service network[]

The "Thalassa Hellas" on its maiden voyage

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

  • Evergreen Marine Corp. (Taiwan) Ltd.
  • Evergreen Korea Corp.
  • Evergreen Marine Corp. (Malaysia) Sdn Bhd.
  • Evergreen Shipping(Singapore) Pte Ltd.
  • Evergreen Shipping Agency (Thailand) Co. Ltd.
  • P.T. Evergreen Shipping Agency Indonesia ee'
  • Evergreen Vietnam Corp.
  • Evergreen Japan Corp.
  • Evergreen Marine (Hong Kong) Ltd.
  • Evergreen Philippines Corp.
  • Evergreen India Private Ltd.
  • Evergreen International S.A. / Unigreen Marine S.A.
  • Evergreen Shipping Agency (America) Corp.
  • Evergreen Shipping Agency (Russia) Ltd.
  • Evergreen Marine Australia Pty Ltd.
  • Evergreen Shipping Spain
  • Evergreen France S.A.
  • Evergreen Shipping Agency (Netherlands) B.V.
  • Evergreen Deutschland GmbH
  • Evergreen Shipping Agency (Poland) Sp. Z o.o.
  • Evergreen Gesellschaft M.B.H.
  • Evergreen Marine (UK) Ltd.
  • Evergreen Agency (Ireland) Ltd.
  • Evergreen Shipping Agency (Italy) S.p.A.
  • Green Andes (Chile)
  • Global Shipping Agencies (Colombia)
  • Baridhi Shipping Lines Ltd (Bangladesh)

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.[9]

Evergreen container ship classes since 1975
Ship class Built Capacity (TEU) Ships in class Notes
Ever Spring-class 1975–1976 646 4
Ever Valor-class 1977–1979 1214 7
Ever Level-class 1979–1980, 1983 1800 6
Ever G-class 1983 2240 3
Ever G-class 1984–1985 2728 17
Ever GL/GX-class 1986–1988 3428 11
Ever Racer-class 1993–1995 4229 10
Ever Dainty-class 1996–1998 4163 10
Ever A-class 1996–1999 1162 14
Ever Ultra-class 1996–2001 5364 18
Ever P-class 1999–2003 1618 16
Ever E-class 2001–2002 6336 5
LT Cortesia-class 2005–2006 8100 8 Long-term charter from
Ever S-class 2005–2008 7024 10
Ever L-class 2012–2015 8452–9532 30
Thalassa Hellas-class 2013–2014 13808 10 Long-term charter from
Triton-class 2016 14424 5 Long-term charter from Costamare
Tampa Triumph-class 2017 13656 5 Long-term charter from Costamare
Ever B-class 2017–2019 2867–2881 20
Ever G-class 2018–2019 20124–20160 11 Long-term charter from Shoei Kisen Kaisha
Ever F-class 2020–onwards 11850–12188 20 8 build by Samsung Heavy Industries for Evergreen Marine
12 to be built by Imabari Shipbuilding and will be under long-term charter from Shoei Kisen Kaisha[15]
Ever C-class 2020–onwards 1900 25 10 to be built by Hyundai Mipo Dockyard, 9 to be built by Imabari Shipbuilding, 4 to be built by Tsuneishi Zhoushan and 2 by Jiangsu Yangzijiang and will be under long-term charter from Nissen Kaiun.[15]
Ever A-class 2021–onwards 23888–23992 12 6 to be built by Samsung Heavy Industries and 6 by China State Shipbuilding Corporation[16]
Will be the largest container ships of Evergreen Marine
Ever O-class 2021–onwards 2634 14 10 to be built by Imabari Shipbuilding and 4 to be built at Jiangnan Shipyards.[15]
2023–onwards 15500 20 20 new container ships to be built by Samsung Heavy Industries.[17]
2024–onwards 1800–2300 24 24 new container ships to be built by China State Shipbuilding Corporation.[18]
Ever Given in the port of Rotterdam 2020.

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.
Ever Given obstructing the Suez Canal, March 2021

Accidents and incidents[]

Ever Given[]

On 23 March 2021, the container ship Ever Given became stuck in the Suez Canal, leading to a significant impediment in marine shipping world-wide.[11][12] After nearly a week, tugboats and heavy machinery managed to re-float and free the ship.[13]

See also[]

References[]

  1. ^ Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People - Reuters.com". U.S. Retrieved 19 March 2018.
  2. ^ "EVERGREEN GROUP STOCK SERVICE". stock.evergreen.com.tw. Retrieved 19 March 2018.
  3. ^ "2016 Annual Report" (PDF). Evergreen Marine Corp. 2016. Retrieved 2008-10-01.
  4. ^ Jump up to: a b "Currency Conversion". 2018. Retrieved 2018-04-02.
  5. ^ "Safety, Quality, Environment Policy Archived 2006-03-22 at archive.today." Evergreen Marine. Retrieved on September 29, 2009.
  6. ^ "Evergreen Corporate Profile." Retrieved on August 31, 2012
  7. ^ Jump up to: a b c d e f g Mote, Dave (2008). "Business Encyclopedia - Evergreen Marine Corp". Hoover's Inc. Retrieved 2008-10-01.
  8. ^ Hohn, Donovan (12 February 2012). "The great escape: the bath toys that swam the Pacific". the Guardian. Retrieved 26 March 2021.
  9. ^ Jump up to: a b c Taiwan's Evergreen Marine to build 100 container ships Archived 2009-04-24 at the Wayback Machine
  10. ^ Stoker, Gerry (2015), Green, Jeremy; Hay, Colin; Taylor-Gooby, Peter (eds.), "Economic Recovery and Governance for the Long-Term", The British Growth Crisis, London: Palgrave Macmillan UK, pp. 105–125, doi:10.1057/9781137441522_5, ISBN 978-1-349-49485-9, retrieved 2021-03-26
  11. ^ Jump up to: a b "Suez Canal blockage is delaying an estimated $400 million an hour in goods". CNBC. 25 March 2021.
  12. ^ Jump up to: a b "How That Massive Container Ship Stuck in the Suez Canal Is Already Costing the World Billions of Dollars". Time. Retrieved 2021-03-26.
  13. ^ Jump up to: a b Safi, Michael (29 March 2021). "Suez canal: Ever Given container ship freed after a week". the Guardian. Retrieved 29 March 2021. [Boskalis] announce that our team of experts, working in close collaboration with the Suez Canal Authority, successfully refloated the Ever Given on 29 March at 15:05 hrs local time, thereby making free passage through the Suez canal possible again
  14. ^ Jump up to: a b c "EVERGREEN MARINE CORP. - Page Not Found" (PDF). www.evergreen-marine.com. Retrieved 19 March 2018. Cite uses generic title (help)
  15. ^ Jump up to: a b c "EVERGREEN is the Carrier with More Ships Ordered!". Green Ibérica. 2020-01-08. Retrieved 2021-05-31.
  16. ^ "EVERGREEN Orders Ten More of the World's Largest Container Ships". Green Ibérica. 2019-12-13. Retrieved 2021-04-07.
  17. ^ "Evergreen Continues Expansion Ordering 20 Boxships for $2.6 Billion". The Maritime Executive. Retrieved 2021-04-07.
  18. ^ "Evergreen orders 24 containerships". Offshore Energy. 2021-09-10. Retrieved 2021-09-11.

External links[]

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