Evergreen Goes Large(r), May Need to Scrap To Maintain Profitability — Panjiva
MENU

Evergreen Goes Large(r), May Need to Scrap To Maintain Profitability

Corp - Shipping 1027 Global 1391 Mode - Containerized 1524 Mode - Seaborne 1845 Theme - Shipbuilding 113

Container-line Evergreen Marine will add a total of 220,000 TEUs of vessels to its fleet in a new order, though details are not yet confirmed. That may mean the vessels do not come into service until 2019. The company now has orders in place equivalent to 46% of its current fleet vs. an average for the sector of 13%. That gives it the highest ratio of orders-to-current among the top 20 operators. One of our key themes for 2018 is the need for container-lines to maintain capacity and pricing discipline to maintain financial security. Evergreen may need to increasing its rate of scrappi...

Copyright © 2025 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.