Evergreen And Uniglory To Upgrade Container Fleets

Taiwan's Evergreen Group is to build 11,850 new freight containers in order to upgrade the fleets now operated by sister companies Evergreen Marine Corp. (EMC) and Uniglory Marine Corp. The total value of the contracts is approximately $50 million. EMC placed an order with Evergreen Heavy Industrial Corp. (EHIC) in Chung Li, Taiwan, for 2,050 new general purpose containers plus 200 refrigerated containers. The general purpose containers comprise 400 20-ft., 1,400 40-ft. and 250 40-ft. hicube units, for a total of3,700 TEUs.

The 200 reefer units are also 40-ft. high-cube containers.

EMC also placed orders with EHIC's Malaysian subsidiary, Evergreen Heavy Industrial Corp.

Evergreen Signs Panama Container Terminal Contract Dr. Chang Yung-fa, chairman of the Evergreen Group, and Ernesto T. Balladeras, president of Panama, signed a contract whereby Evergreen will invest $85 million in the first phase of a new container terminal at Colon at the eastern end of the Panama Canal. The new facility, the Colon Container Terminal, is located at Coco Solo, adjacent to the city of Colon, to the north of Panama City. Construction of the first phase will start in March 1996 and is scheduled to be completed in December 1997. The facility will be managed by Evergreen on a common-user basis. Once the first phase of the terminal is fully operational, the company predicts an annual throughput of 300,000 to 400,000 containers. Initially, the two berths will be served by three Panamax gantry cranes.

The new terminal will become the hub point for Evergreen's regional Caribbean feeder service. It currently uses two 510-TEU vessels.