News / Evergreen profits up three-fold after rates hit post-Covid highs

Ever Ace Credit Evergreen

14/03/2025

Evergreen yesterday reported a 2024 net profit up more than three-fold from 2023, at TW$139.45bn ($4.25bn).

The carrier reported revenue for 2024 up 68% year on year, to TW$463.6bn ($14.1bn), as the Red Sea crisis drove freight rates to post-Covid highs.

The Taiwan liner operator also disclosed in a Taiwan Stock Exchange filing that it had purchased a 20,000 teu containership it had on long-term charter from Sun Lanes Shipping, a Panama-registered special purpose vehicle (SPV), ...

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Topics

Evergreen Marine Corporation (EMC) Sun Lanes Shipping Taiwan Stock Exchange

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