Evergreen Marine Corp News

China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine.Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese…

Contracts between China's top state-owned shipbuilding firm and Taiwan's leading shipping company are likely lowering the costs of upgrading China's navy, posing security concerns for the island claimed by Beijing, a U.S. think tank said on Thursday.China State Shipbuilding Corp (CSSC) is a key producer of vessels for China's rapidly expanding People's Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier.Taiwan's Evergreen Marine Corp has purchased 44 vessels from China since 2018…

Salvors will attempt to refloat the Ever Forward on Tuesday following a week of dredging to free the grounded containership outside the Port of Baltimore.According to the port's executive director William Doyle, a team of five tugs, including two pushing on the ship's starboard side, two pulling from port side and one long pull from stern, will aim to dislodge the 1,095-foot ship, which went hard aground outside of the Craighill Channel near Gibson Island on March 13.During the refloat attempt…

Dredgers are working to free a containership that has been stuck for a week after running aground in the Chesapeake Bay near Baltimore.Port of Baltimore executive director William Doyle said dredging operations to free the Ever Forward kicked off on Sunday after the required permits were issued by state and federal agencies."U.S. companies Donjon Marine and Cashman Dredging & Marine Construction will lead the surgical dredging operation," Doyle said, noting Donjon's Oyster Bay and Cashman's Dale Pyatt—both clamshell dredges—are being used to dig out the 1…

The Ever Forward containership is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the same company blocked the Suez Canal for six days.The containership is operated by Evergreen Marine Corp Taiwan Ltd 2603.TW, the same Taiwanese transportation company that operates the Ever Given.

Kongsberg Digital (KDI) announced that its long-term system support program (LTSSP) contract with the Evergreen Marine Corporation has been renewed for another 10 years.The Taiwanese shipping company, one of the largest of its kind in the world, has used KONGSBERG simulators for crew training for over 20 years, with the first maritime simulator delivered to the firm’s training center in 1999. Since then, Evergreen Marine Corp. has used KONGSBERG simulator solutions to train its crews…

Shipping was on the move again late on Monday in Egypt's Suez Canal after tugs refloated a giant container ship which had been blocking the channel for almost a week, causing a huge build-up of vessels around the waterway.With the 400-meter-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie told reporters.He said a backlog of 422 ships could be cleared in 3 -1/2 days.The Ever Given had become jammed diagonally across a southern section of the canal…

A massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said on Monday, raising hopes the busy waterway will soon be reopened for a huge backlog of ships.The 400-meter (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.After further dredging and excavation over the weekend…

Shoei Kisen, the Japanese owner of the container ship blocking the Suez Canal, said it aims to free the ship "tomorrow night Japan time", the Nikkei reported on Friday.The 400-meter Ever Given, leased by Taiwan's Evergreen Marine Corp, is blocking transit through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.A spokeswoman for the owner in Japan said that the refloating work was ongoing but that the company did not yet know when the effort would succeed."We don't have an estimate for when the work will succeed," she said.

A containership blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.The Suez Canal Authority (SCA) said eight tugs were working to move the vessel…

Salvage teams from the Netherlands and Japan have been hired to devise a plan to refloat a giant container ship blocking the Suez Canal, the company leasing the vessel said on Thursday.Taiwan’s Evergreen Marine Corp said Dutch firm Smit Salvage and Japan’s Nippon Salvage had been appointed by the ship’s owner and would work alongside its captain and the Suez Canal Authority on a plan to refloat it.“Evergreen Line will continue to coordinate with the shipowner and Suez Canal Authority to deal with the situation with the utmost urgency, ensuring the resumption of the voyage as soon as possible a

The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.About 30% of global container shipping volumes pass through the canal each day, carrying everything from fuel to consumer goods.

A combination of factors including stowage deficiencies likely led to the loss of containers from the U.K.-flagged containership Ever Smart off the coast if Japan in 2017, according to U.K. investigators.On October 30, 2017, the 300-meter, 7,024 TEU-capacity containership suffered a container stow collapse during a period of heavy pitching and hull vibration while on passage between Taipei, Taiwan and Los Angeles, U.S. The master had changed the ship’s passage plan to avoid severe weather caused by a developing depression east of Japan.

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities, optimize the efficiency of its network routing and enhance its competitiveness in the area," the Taiwanese freight company said.Evergreen Line has just opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months.

NOAA presented awards to 13 global shipping firms for their commitment in helping prevent ship collisions with whales off the coast of California.The companies participated in a Voluntary Speed Reduction initiative by slowing their ships to speeds of 10 knots (about 11.5 mph) or lower while transiting vessel traffic lanes outside the Golden Gate during whale feeding season, from May through mid-November.The national marine sanctuaries of North-central California - Greater Farallones…

Evergreen Marine Corp. (EMC) entered into an agreement with Shoei Kisen Kaisha to charter twelve 11,000 TEU class containerships. The charter parties were signed by EMC Chairman Anchor Chang and President of Shoei Kisen Kaisha Yukito Higaki. The plans to charter these vessels were approved early last month at the board meetings of Greencompass Marine S.A. and Evergreen Marine (Hong Kong) Ltd. respectively. The two subsidiaries of EMC will each charter six vessels. All twelve ships…

Evergreen Marine Corp. (EMC) said it has entered into an agreement with South Korean shipbuilder Samsung Heavy Industries (SHI) to order eight 11,000 TEU containerships. Four ships will be owned by EMC’s subsidiary, Greencompass Marine S.A. and a further four by Evergreen Marine (Hong Kong) Ltd. The newbuildings are planned to be delivered from the first quarter of 2020 through the second quarter of 2021. EMC said the newbuilding program will help it meet future market demand as the carrier continues its ongoing fleet renewal.

International Container Terminal Services, Inc.’s (ICTSI) new Container Freight Station (CFS) at the Subic Bay Freeport is at the forefront of ensuring the faster movement of goods in the Northern and Central Luzon markets. The two regions continue to grow, driven by industrial centers like Subic, Clark, Bataan, and Tarlac. Launched last year, the CFS is one of Subic Bay International Corp.’s (SBITC) value-added services. The CFS, envisioned to serve as a regional distribution center (RDC), makes the more efficient movement of goods possible because of its quicker clearing periods compared to other RDCs. It saves time, cuts costs, thereby helping improve margins for companies doing business with other countries.

Chinese conglomerate Cosco Group is in talks to acquire smaller rival Hong Kong-based rival Orient Overseas Container Line Co. ( OOCL), Chinese media outlet Caixin reported quoting people familiar with the matter. The state-owned China COSCO  will compete with Evergreen Marine Corp. from Taiwan and France’s CMA-CGM SA in the takeover bid, but COSCO was more likely to win the deal, a source from COSCO told Caixin. A representative at COSCO Shipping's media relations department said the company wasn't aware of the bidding. However, the shares of OOCL surged the most in five years on Wednesday on the Hong Kong stock exchange following the reports.

Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday.   "We deny these rumors," she told Reuters.   On Wednesday, the Caixin newspaper reported that the company would participate in bidding for the unit of Orient Overseas International Ltd, alongside Taiwan's Evergreen Marine Corp and France's CMA CGM.   Reporting by Brenda Goh

Evergreen Marine Corp, which has been battered by falling freight rates due to a prolonged supply glut, may swing into profit this year as market conditions improve in the global shipping industry, reports Taipei Times. The paper quoted  Capital Investment Management Corp as saying that Evergreen is expected to  post profit of NT$689 million (US$22 million) for this year, compared with an estimated loss of NT$5.65 billion for last year. Signs the container shipping industry had bottomed out gradually surfaced toward the end of last year, as rising operating pressures began to force carriers to exit markets or cooperate among them, the report said.

Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg. While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single. Taiwan's major three -  Evergreen Marine Corp., Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd. - have kept aloof from the fray. Taiwan has offered its main container shipping lines a relief package to keep them afloat amid worst-ever trading conditions. Taiwan's transportation ministry has offered Evergreen Marine and Yang Ming Marine Transport, the main shipping conglomerates, a US$1.9bn relief package including a credit line with preferential interest rates.

Taiwanese container carrier Yang Ming Marine Transport Corp should merge with state-owned port company Taiwan International Port Corp. (TIPC), report local media quoting a member of Taiwan's parliament. Legislator Chen Ou-po of the Democratic Progressive Party (DPP) proposed that Yang Ming, which is 33% government-owned, can merge with state-owned TIPC, Taipei Times reported. Taiwan’s ministry of transportation and communications is working on the possibility of merging container carrier Yang Ming, island’s second largest containerline, and TIPC. The merger is mooted as part of reform measures aimed at helping the weak maritime sector.