REVENUES CONTINUE TO SLIDE FOR EVERGREEN ARM
Evergreen Marine Corp., the stockmarket-listed arm of the Taiwanese group, had a 33-percent decrease in consolidated revenues in May, compared to the same month last year.
Consolidated revenue figures for Evergreen Marine Corp. and its subsidiary Greencompass Marine S.A. fell to NT$4.3 billion ($122 million), from NT$6.4 billion in May 2000.
The announcement follows reports of falls in freight rates in all the major container trades and recent port statistics confirming the continued slowdown in U.S. containerized cargo imports.
For the first five months of the year, Evergreen Marine Corp. suffered a 13-percent drop in consolidated revenues, to NT$21.7 billion ($621 million), from NT$24.9 million in January-May 2000.