Market too pessimistic, says Evergreen boss, demand will bounce back
Evergreen president Eric Hsieh has reported that the carrier’s profits last year of $12bn were 40% ...
Mersin International Port. Credit MIP
Data analytics company Russell Group estimates the Iskenderun Port closure, following the devastating earthquakes in the region, could cost it around $679m by the end of the month.
Today, Evergreen, in line with other carriers, announced it would divert Iskenderun-bound cargo to Mersin, some 200km to the west and itself is close to the significantly damaged Syrian region of Aleppo.
The first major shock toppled container stacks in Iskenderun’s terminal yard, sparking a major fire, which although reported as under control, has closed ...
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