Evergreen Shoots Ahead as Container-Lines Recover — Panjiva
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Evergreen Shoots Ahead as Container-Lines Recover

Corp - Shipping 1027 Earnings 759 Global 1391 Mode - Containerized 1524 Mode - Seaborne 1845

Container-line Evergreen Marine’s second quarter revenues jumped 27% on a year earlier. That was the third straight quarter of growth and the best revenues since the third quarter of 2014. Profits also recovered to the highest since the fourth quarter of 2010. The company outperformed analysts’ expectations for revenues by 9% – well ahead of that achieved by Yang Ming and K-Line. The container-liner sector’s recovery appears well established. Of the five that have reported so far only one (Seaspan) has disappointed, while Panjiva analysis indicates the sector’s revenues likely r...

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