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Evergreen has $25 million profit in third quarter

Taiwanese carrier will pay $124 million to $140 million for four 2,500-TEU containerships.

   Evergreen Marine Corp. had profit of 771.2 million Taiwan New Dollars (TWD) or U.S. $25 million in the third quarter of 2018 compared with 4 billion TWD in the third quarter of 2017.
  The Taiwanese carrier had revenue of 44.9 billion TWD in the third quarter of this year compared with 41.5 billion TWD in the same period last year.
  Evergreen also disclosed in a filing with the Taiwan Stock Exchange this week it will pay $124 million to $140 million for four 2,500-TEU containerships ($31 million to $35 million per ship) to Jiangnan Shipyard (Group) Co. Ltd.
   Evergreen said that Evergreen Marine (Hong Kong) Ltd. will charter five instead of seven 2,500-TEU containerships as originally announced on Aug. 13. It will continue with plans to charter a dozen 1,800-TEU containerships as announced.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.