Evergreen Marine

Evergreen Marine Corporation (Chinese: 長榮海運) (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 the Far East to North America, Central America and the Caribbean; the Far east to northern Europe and the east Mediterranean; Europe to the east coast of North America; the Far East to Australia, Mauritius, South Africa and South America; and an intra Asia service linking ports in Asia to the Middle East, 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.

Evergreen Marine Corporation
長榮海運
TypePublic
TWSE: 2603
LSE: EGMD
IndustryTransport
Founded1968 (1968)
Headquarters
Luzhu District, Taoyuan City
,
Taiwan
Area served
Worldwide
Key people
Chang, Cheng-Yung (Chairman)[1][2]
ProductsShipping
Cargo
Freight distribution
RevenueNTD 124.467 billion (2016)[3]

$4.266 billion (2018)[4]

£3.038 billion (2018)[4]
OwnerEvergreen Group
Number of employees
3,389 (2007) Evergreen Marine Corp. Taiwan
DivisionsUniglory Marine Corp. (Taiwan)
Evergreen UK Ltd. (UK, -2007)
Italia Marittima S.p.A. (Italy, -2007)
Websitewww.evergreen-marine.com

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 Maritima, 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
Evergreen Marine Building on Sec.2, Minsheng East Road, Taipei City, Taiwan.
The "Thalassa Hellas" on its maiden voyage

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]

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.

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.[8] In 2009, the company announced plans to build 100 additional vessels, in anticipation of a global economic recovery by 2012.[8]

Operations
Evergreen's trademark green worldwide shipping containers.

Evergreen Marine's operations primarily center around five general routings:[9]

  • 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.[9] Within this area, common traffic is between China, Japan, Korea, and Taiwan with the U.S. West Coast, along with routings to the East Caribbean via Panama.[9]

Fleet
Evergreen "Ever U" type vessel.
The "Ever Lasting" in Hamburg

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.[8]

Containership classes
Evergreen container ship classes since 1975
Ship class Built Capacity (TEU) Ships in class Builder 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 Some by CSBC Corporation, Taiwan
Ever Racer-class 1993–1995 4229 10
Ever Dainty-class 1997–1998 4163 10
Ever Ultra-class 1996–2001 5364 18 Mitsubishi Heavy Industries, Nagasaki and Kobe
Ever A-class 1996–1999 1162 14
Ever P-class 1999–2003 1618 16 Evergreen Shipyard, Nagasaki
Hatsu Eagle-class 2001–2002 6336 5 Mitsubishi Heavy Industries
Hatsu Shine-class 2005–2008 7024 10 Mitsubishi Heavy Industries
LT Cortesia-class 2005–2006 8100 8 Samsung Heavy Industries Long-term charter from Conti-NSB/Germany
Ever L-class 2012–2015 8452–9532 30 Samsung Heavy Industries and CSBC Corporation, Taiwan
Thalassa Hellas-class 2013–2014 13808 10 Hyundai Heavy Industries Long-term charter from Enesel
Triton-class 2016 14424 5 Samsung Heavy Industries Long-term charter from Costamare
Tampa Triumph-class 2017 13656 5 Imabari Shipbuilding
Ever B-class 2017–2019 2867–2881 20 CSBC Corporation, Taiwan and Imabari Shipbuilding
Ever Golden-class 2018–2019 20124–20160 11 Imabari Shipbuilding
Ever F-class 2020–onwards 11850–12188 20 Samsung Heavy Industries and Imabari Shipbuilding
Ever C-class 2020–onwards 1900 25 Hyundai Mipo Dockyard, Imabari Shipbuilding, Tsuneishi Shipbuilding, Jiangsu Yangzijiang Shipbuilding


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.

Terminals

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

The "Ever Safety" in Hamburg, June 2013

Transshipment hubs
Evergreen Kaohsiung Container Terminal, Taiwan
  • 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

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

Service network

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 Shipping Agency Poland Sp. Z o.o.
  • 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)

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. "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. Mote, Dave (2008). "Business Encyclopedia - Evergreen Marine Corp". Hoover's Inc. Retrieved 2008-10-01.
  8. Taiwan's Evergreen Marine to build 100 container ships Archived 2009-04-24 at the Wayback Machine
  9. "EVERGREEN MARINE CORP. - Page Not Found" (PDF). www.evergreen-marine.com. Retrieved 19 March 2018. Cite uses generic title (help)

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