Longer voyages, higher container rates power Evergreen Marine earnings

Capt. John

Evergreen Marine Corp. reported revenue climbed to $12.7 billion in 2024 from $8.4 billion a year ago, while net income more than tripled to $3.4 billion from $1.1 billion.

A buoyant market led Taiwan-based Evergreen (2603.TW), the world’s seventh-largest ocean container carrier, to order six 24,000-TEU (twenty-foot equivalent unit) liquefied natural gas dual-fuel container ships from shipbuilder Hanwha Ocean in South Korea.

Evergreen’s earnings before interest, taxes, depreciation and...

https://www.freightwaves.com/news/longer-voyages-higher-container-rates-power-evergreen-marine-earnings

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