Evergreen Marine

Evergreen Marine Corporation (Chinese: 長榮海運) (LSE: EGMD TWSE: 2603), is a Taiwanese container transportation and shipping company headquartered in Luzhu District, Taoyuan City, Taiwan.[5] Its principal trading routes are the Far East to North America, Central America and the Caribbean; the Far east to northern Europe and the east Mediterranean; Europe to the east coast of North America; the Far East to Australia, Mauritius, South Africa and South America; and an intra Asia service linking ports in Asia to the Middle East, Persian Gulf and the Red Sea.[6] With over 150 container ships it is part of the Evergreen Group conglomerate of transportation firms and associated companies. Evergreen calls on 240 ports worldwide in about 80 countries, and is the fifth largest company of its type. The company's activities include: shipping, construction of containers and ships, management of ports, and engineering and real estate development. Subsidiaries and divisions include Uniglory Marine Corp. (Taiwan), Evergreen UK Ltd. (UK), and shipping company Italia Marittima S.p.A. (Italy).

Evergreen Marine Corporation
長榮海運
Public
Traded asTWSE: 2603
LSE: EGMD
ISINUS3002462048 
IndustryTransport
Founded1968 (1968)
FounderChang Yung-fa 
Headquarters
Luzhu District, Taoyuan City
,
Taiwan
Area served
Worldwide
Key people
Chang, Cheng-Yung (Chairman)[1][2]
ProductsShipping
Cargo
Freight distribution
RevenueNTD 124.467 billion (2016)[3]

$4.266 billion (2018)[4]

£3.038 billion (2018)[4]
OwnerEvergreen Group
Number of employees
3,389 (2007) Evergreen Marine Corp. Taiwan
DivisionsUniglory Marine Corp. (Taiwan)
Evergreen UK Ltd. (UK, -2007)
Italia Marittima S.p.A. (Italy, -2007)
Websitewww.evergreen-marine.com

In 2007, Hatsu, Italia Maritima, and Evergreen were merged into the single "Evergreen Line."

The majority of Evergreen's shipping containers are painted green with the word "Evergreen" placed on the sides in white letters. Uniglory containers are similarly painted and marked, but those containers are bright orange. Evergreen's refrigerated "reefer" containers have a reverse color scheme (white containers with green lettering).

History
Evergreen Marine Building on Sec.2, Minsheng East Road, Taipei City, Taiwan.
The "Thalassa Hellas" on its maiden voyage

The company was founded 1 September 1968 by Yung-Fa Chang. Services began with a single cargo vessel named Central Trust, which operated a "go-anywhere" service.[7] A second vessel was added in 1969, and used on Middle East services.[7] Additional vessels were acquired through the 1970s, and routes to East Asia and Central America were added.[7] Service to the U.S. began in 1974, with the establishment of Evergreen Marine Corporation (New York) Ltd.[7]

In 1981, the parent company changed its name to Evergreen International S.A. (EIS), as the company increased its global expansion efforts.[7] Evergreen Marine began its first circumnavigation shipping services in 1984. This service is bi-directional, covering both westbound and eastbound routings.

Since then, Evergreen Marine has expanded to include other shipping companies such as the Uniglory Marine Corp. (Taiwan) in 1984, the Hatsu Marine Ltd. (U.K.) in 2002, and the Italian shipping company Italia Marittima (previously Lloyd Triestino, and founded as "Österreichischer Lloyd" in 1835) in 1993. Uniglory was made a division of the company in 1999.[7] Evergreen Marine has also become a partner of EVA Airways, founded in 1989, and Uni Air, founded in 1998.

In 2002, Evergreen Marine operated 61 container vessels, with a total fleet size totaling 130 vessels with 400,000 TEU (twenty-foot equivalent units).[7] By 2008, Evergreen Marine operated 178 container vessels.[8] In 2009, the company announced plans to build 100 additional vessels, in anticipation of a global economic recovery by 2012.[8]

Operations
Evergreen's trademark green worldwide shipping containers.

Evergreen Marine's operations primarily center around five general routings:[9]

  • East Asia to North America/Central America
  • East Asia to Northern Europe/Mediterranean
  • Europe to North America (transatlantic)
  • East Asia to Southern Hemisphere (intercontinental)
  • Intra-Asia

The shipping line's busiest routings are in the first category, East Asia to North America and Central America.[9] Within this area, common traffic is between China, Japan, Korea, and Taiwan with the U.S. West Coast, along with routings to the East Caribbean via Panama.[9]

Fleet
Evergreen "Ever U" type vessel.
The "Ever Lasting" in Hamburg

Evergreen Marine (including Uniglory, Lloyd Triestino & Hatsu) operated 153 container ships with 439,538 twenty-foot equivalent units (TEU) on 1 May 2005. In total, Evergreen Marine operated 178 container ships in 2008.[8]

Containership classes

The following are Evergreen containership classes since 1975:

  • Ever Spring–class, 4 ships, 646 TEU, built 1975–1976
  • Ever Valor–class, 7 ships, 1214 TEU, built 1977–1979
  • Ever Level–class, 6 ships, 1800 TEU, 1979–80, 1983
  • Ever G–class, 3 ships, 2240 TEU, built 1983
  • Ever G–class, 17 ships, 2728 TEU, built 1984–1985
  • Ever GL / GX–class, 11 ships, 3428 TEU, built 1986–1988 some by CSBC Corporation, Taiwan
  • Ever Racer–class, 10 ships, 4229 TEU, built 1993–1995
  • Ever Dainty–class, 10 ships, 4163 TEU, built 1997–1998
  • Ever Ultra–class, 18 Post-Panamax ships, 5364 TEU, built 1996–2001 by Mitsubishi Heavy Industries, Nagasaki and Kobe
  • Ever A–class, 14 ships, 1162 TEU, built 1996–1999
  • Ever P–class, 16 ships, 1618 TEU, built 1999 – July 2003 by Evergreen Shipyard, Nagasaki
  • Golden-class container ship
  • Hatsu Eagle–class, 5 Post-Panamax ships, 6332 TEU, built December 2001 – December 2002 by Mitsubishi H. Ind.
  • Hatsu Shine–class, 10 Post-Panamax ships, 7024 TEU, built September 2005 – 2008 by Mitsubishi H. Ind., Kobe
  • LT Cortesia–class, 8 Post-Panamax ships, 8100 TEU, built May 2005 – May 2006 by Samsung (long-term charter from Conti-NSB/Germany)

The following are vessels transferred between Evergreen Marine and Uniglory Marine (Taiwanese or Panamanian flag) and subsidiaries:

  • Lloyd Triestino / Italy (ship name begins with pre-fix "LT", since 2006 with "Ital
  • Evergreen UK Ltd. / UK (ship name begins with pre-fix "Ever"): Hatsu Marine was renamed Evergreen UK (previously, Evergreen UK ships, as Hatsu ships, were prefixed with the word "Hatsu", for example, the Hatsu Sigma is now known as the Ever Sigma.)
  • Some vessels delivered as new buildings to these subsidiaries.

Terminals

Evergreen Marine operates four major transshipment hubs, and multiple container terminals.

The "Ever Safety" in Hamburg, June 2013

Transshipment hubs
Evergreen Kaohsiung Container Terminal, Taiwan
  • Taichung Container Terminal, Taiwan
  • Kaohsiung Container Terminal, Taiwan
  • Colon Container Terminal, Panama

Terminals
  • Evergreen Los Angeles Terminal, California
  • Evergreen Pierce County Container Terminal, Tacoma, Washington
  • Evergreen Terminal(ETS), Oakland, California
  • Evergreen terminals in Asia, (e.g. Thailand), Europe (e.g. Italy), and elsewhere
  • Evergreen terminals in Middle East, North Yard Company

Subsidiaries and divisions

Maritime lines

Since 2007, the following have been merged into the single Evergreen Line.

Service network

Evergreen Marine's worldwide service network is handled through the following agencies:

  • Evergreen Marine Corp. (Taiwan) Ltd.
  • Evergreen Korea Corp.
  • Evergreen Marine Corp. (Malaysia) Sdn Bhd.
  • Evergreen Shipping(Singapore) Pte Ltd.
  • Evergreen Shipping Agency (Thailand) Co. Ltd.
  • P.T. Evergreen Shipping Agency Indonesia ee'
  • Evergreen Vietnam Corp.
  • Evergreen Japan Corp.
  • Evergreen Marine (Hong Kong) Ltd.
  • Evergreen Philippines Corp.
  • Evergreen India Private Ltd.
  • Evergreen International S.A. / Unigreen Marine S.A.
  • Evergreen Shipping Agency (America) Corp.
  • Evergreen Shipping Agency (Russia) Ltd.
  • Evergreen Shipping Agency Poland Sp. Z o.o.
  • Evergreen Marine Australia Pty Ltd.
  • Evergreen Shipping Spain
  • Evergreen France S.A.
  • Evergreen Shipping Agency (Netherlands) B.V.
  • Evergreen Deutschland GmbH
  • Evergreen Shipping Agency (Poland) Sp. Z o.o.
  • Evergreen Gesellschaft M.B.H.
  • Evergreen Marine (UK) Ltd.
  • Evergreen Agency (Ireland) Ltd.
  • Evergreen Shipping Agency (Italy) S.p.A
  • Green Andes (Chile)
  • Global Shipping Agencies (Colombia)
  • Baridhi Shipping Lines Ltd (Bangladesh)
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See also

References
  1. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People - Reuters.com". U.S. Retrieved 19 March 2018.
  2. "EVERGREEN GROUP STOCK SERVICE". stock.evergreen.com.tw. Retrieved 19 March 2018.
  3. "2016 Annual Report" (PDF). Evergreen Marine Corp. 2016. Retrieved 2008-10-01.
  4. "Currency Conversion". 2018. Retrieved 2018-04-02.
  5. "Safety, Quality, Environment Policy Archived 2006-03-22 at Archive.today." Evergreen Marine. Retrieved on September 29, 2009.
  6. "Evergreen Corporate Profile." Retrieved on August 31, 2012
  7. Mote, Dave (2008). "Business Encyclopedia - Evergreen Marine Corp". Hoover's Inc. Retrieved 2008-10-01.
  8. Taiwan's Evergreen Marine to build 100 container ships Archived 2009-04-24 at the Wayback Machine
  9. "EVERGREEN MARINE CORP. - Page Not Found" (PDF). www.evergreen-marine.com. Retrieved 19 March 2018.

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