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Evergreen reports US$25m profit in 3rd quarter

Taiwan's Evergreen Marine Corp posted a profit of TWD 771.2 million (US $25 million) in the third quarter of 2018 compared with TWD 4 billion in the third quarter of 2017.

The Taiwanese carrier had revenue of TWD 44.9 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.

Read more on Transportweekly.


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