News / Evergreen spends $532m to boost its holdings in box terminals

Photo: © Yali Shi | Dreamstime.com

Evergreen general manager Wu Kuang-hui said this week that container shipping would continue to feel the impact of the Red Sea crisis and the drought-afflicted Panama Canal for at least a few more months.

He said: “Supply-demand dynamics and vessel arrivals have been distorted by the Red Sea crisis and the Panama Canal drought. This will persist for at least a few months and accordingly, vessel turnaround will face upheavals. So this year, the market can expect dramatic changes, ...