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Evergreen reports US$25m profit in third quarter

TAIWAN's Evergreen Marine Corp posted a profit of TWD771.2 million (US $25 million) in the third quarter of 2018 compared with TWD4 billion in the third quarter of 2017.

The Taiwanese carrier had revenue of TWD44.9 billion in the third quarter compared with TWD 41.5 billion in the same period last year.

Evergreen also disclosed in a filing with the Taiwan Stock Exchange this week that it will pay $124 million to $140 million for four 2,500-TEU containerships ($31 million to $35 million per ship) to Jiangnan Shipyard (Group) Co Ltd.

The carrier said that Evergreen Marine (Hong Kong) Ltd will charter five instead of seven 2,500-TEU containerships as originally announced on August 13. It will continue with plans to charter a dozen 1,800-TEU containerships as announced, according to American Shipper.

Source: Schednet

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