TAIWANESE liner operator, Evergreen, has reported a jump in revenue of 68% year on year turning over TW$463 billion in 2024.
Net profit, at TW$139.45 billion, was up 58% compared to 2023 (TW$35/34 billion) which Evergreen reported was due to freight rates reaching post-Covid highs and the Red Sea conflict.
In its report to the Taiwan Stock Exchange Evergreen said it had taken a long-term charter for a 20,000 TEU container ship from Sun Lanes Shipping and planned to continue renewing its fleet.
At the same time Evergreen said in its report that 2025 could be uncertain and that the company would need to be nimble with fleet deployment and changing economic circumstances.
Evergreen Marine was started by Dr Yung-Fa Chang in September 1958 operating a single 15-year-old general cargo ship.
Now it has a service network covering five continents and more than 240 ports in around 80 countries, with more than 200 full-container vessels.
Its principal trading routes connect East Asia to North America, Europe, Australia, and other regions, making it one of the largest shipping companies in the world. Evergreen is committed to sustainability and has developed strategies to reduce greenhouse gas emissions, aiming for a 50% reduction by 2030 (compared to 2008 levels) and achieving net-zero emissions by 2050.
