HMD Confirms Evergreen Boxship Order
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The world's No. 1 shipbuilder specializing in medium-sized ships such as product/chemical tankers, car carriers, LPG & LNG carriers, and asphalt carriers, said that The vessels, each of which will have a length of 172 meters…
HHI Wins $293M Newbuild Order
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group said that its two affiliates have clinched two deals worth 340 billion won (US$293 million) in total to build six vessels.Hyundai Mipo Dockyard (HMD), a unit of HHI, has won a KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The boxships will be built to the Con-Green design developed by HMD in conjunction with Man Energy Solutions and DNV GL in HMD’s Ulsan shipyard in phases starting 2021.In a separate deal…
Navis Solution on Evergreen Newbuilds
Navis, the provider of maritime software solutions for cargo and vessel performance and compliance, announced that its MACS3 loading computer will be installed on two newbuilding series of container vessels owned and operated by Taiwan-based Evergreen Marine Corporation.Navis, a part of Cargotec Corporation, said that due to the owner’s decision to have this loading computer installed, they are moving to support safer and more effective onboard cargo handling.The newbuildings are currently being built at two different Chinese shipyards.
ABS Brings Together Taiwan's Industry Leaders
Taiwan’s maritime industry leaders met to debate decarbonization, digital technologies and the future of safety at the annual ABS Taiwan National Committee meeting.“As the leading class organization in Taiwan, ABS is able to call on the expertise of leaders to inform our approach to meeting industry challenges such as meeting IMO 2030 and 2050 objectives while ensuring safety standards are not compromised and keep pace with technological challenges,” said Christopher J. Wiernicki, ABS Chairman, President and CEO, who actively participated in the Committee program.
Container Market Grows at 8.6%
The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and rising industrial expansion in China are the key driving factors for the market growth.However, factors such as the effect on the environment and fluctuating raw material prices are hindering the market growth, the market research report said.ISO container is any type of shipping container which is designed…
Ship Finance International Signs USD 400 mln Leaseback Deal for Four Vessels
Bermuda-based shipowner Ship Finance International (SFL) has entered into lease financing agreements totaling $400 million with an Asian-based institution to finance four 14,000 TEU container vessels acquired in May 2018.According to a press release, the vessels are employed under long term time charters to Evergreen Marine Corporation (Taiwan) until 2024, with options to extend the charters by 18 additional months.Each Lease Financing has a term of nearly nine years, with an option to purchase the vessel back after six years, around expiry of the firm period of the charters to Evergreen.
Evergreen Group Celebrates 50th Anniversary
Evergreen Group celebrated its 50th Anniversary at the Chang Yung-Fa Foundation, home of the charity set-up by Evergreen Group Founder and Chairman Dr. Y.F. Chang, said a press release from the company.In addition to senior executives and employees of the Group’s businesses, the event was also attended by public officials, customers and business agents from both the shipping and airline industries as well as representatives of supply chain partners from more than fifty countries.The…
Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
Another Hurdle for The Ocean Alliance
Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties. The Request for Additional Information (RFAI) effectively stops the clock on the agreement until such time as the filing parties answer the questions proposed in the RFAI. Once those questions are answered and filed with the Commission, a new 45-day clock commences. This Ocean Alliance agreement was filed with the Commission on July 15, 2016, and would have become effective on August 29, 2016, absent Commission action.
Chang Leaves Evergreen
Evergreen Marine Corporation said that Chang Kuo-wei, the late founder's son, was no longer on its board of directors, reports local media. Chang's seat on its board of directors will be filled by Hsieh Huey-chuan. According to observers, the Chang Kuo-wei faced the latest setback in his losing war of succession when he left the board of Evergreen International Storage & Transport Corp. Evergreen International Storage, one of Evergreen Group’s publicly traded businesses, announced a reassignment of its corporate directors and supervisors.
Taiwan President Honors Evergreen Founder
Taiwan President Ma Ying-jeou honored Evergreen Group founder Dr. Chang Yung-Fa with a posthumous commendation in recognition of his contributions to international transportation and social welfare during the memorial service today. The company's North America headquarters are in Jersey City, N.J. Taiwan's Education Minister and the Minister of Transportation and Communications also offered homage to Dr. Chang with the First-Class Professional Education Medal and First-Class Professional Transportation Medal. Evergreen Group is holding the memorial services for Dr.
Evergreen Group Chairman Dies at 88
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016. Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel, and by 1985, the company had become the world's largest container shipping line. In 1989 he established EVA Air, extending his global business empire from shipping to airline and land transportation. Dr. Chang devoted much of his efforts to charity and social welfare, primarily through the Chang Yung-Fa Foundation.
Container Ship and LPG Tanker Collide near Surabaya
LPG tanker Navigator Aries (23,333 dwt, built 2008), and containership Leo Perdana (33,423 dwt, built 2007) collided yesterday in waters off Gresik, nearby the Port of Tunjung Perak in Surabaya, Indonesia. The collision caused a fire on the 2008-built tanker, which was quickly put out by the crew. The tanker, owned by Navigator Gas, suffered a 5-meter breach on its port side. The tanker suffered large breach in the port side and caught fire, which was quickly extinguished. During the collision there were no injured crew…
Evergreen Naming Ceremony for EVER LUNAR
Evergreen Group held the naming ceremony for EVER LUNAR today, the seventh of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony, which was officiated by Ms. Lee-Ching Ko, Second Vice Group Chairman of Evergreen Group, took place at CSBC's Kaohsiung shipyard. The official rope-cutting of the new 8,508 TEU vessel was performed by Mrs. Lin, Mei-Chun. EVER LUNAR is owned by Evergreen Marine Corporation (Taiwan) Ltd. The ship is 334.8 meters in length, 45.8 meters wide and has a draft of 14.2 meters. In common with its L-type sister ships, EVER LUNAR can cruise at speeds up to 24.5 knots. The ship will be delivered into service in January and join Evergreen Line's Far East - Arabian Persian Gulf (APG) Service.
Evergreen Group Orders Ten 8000 TEU vessels
Evergreen Group has placed orders with Samsung Heavy Industries Co., Ltd in Taipei for ten 8,000-TEU L-class environmentally advanced container vessels. The first vessel is due for delivery in 2012 and will join Evergreen Line global containership fleet. Six of the new vessels will be built for Evergreen Marine Corporation and four for Evergreen International S.A. (Panama). The ships are being built at a cost of $103m each. The new ships will be constructed under the innovative Greenship design concept developed by Evergreen Group Chairman Dr. Chang Yung-Fa nearly 10 years ago and first introduced in 2003. The highly developed features have been built into every Evergreen Line vessel since then. The Greenship program has taken environmental protection and compliance to a superior level.
Evergreen Marine Executive Appointments
Global carrier Evergreen Marine Corporation (Taiwan) Ltd. announced the promotion of its President Jack Yen to Vice Chairman. Captain C.J. Wang, Chief Executive Vice President, has been appointed President. Anchor Chang, Executive Vice President of International Business Division, was promoted to Chief Executive Vice President. Jack Yen joined Evergreen in 1978. He has broad international experience having served the company in several significant locations including Germany, the UK, the U.S., and Hong Kong. His senior positions have included President of Evergreen Star Hong Kong Ltd where he had major responsibilities for the mainland China market, and president of Evergreen Deutschland GMBH. He was promoted to President of Evergreen Marine Corporation (Taiwan) in 2007. Captain C.J.
Evergreen Restructures and Consolidates
On Dec. 30, 2008, Evergreen Shipping Agency (America), agents for Evergreen Marine Corporation, announced that the company will consolidate some North America offices and reduce staff in order to deal with the downturn in ocean shipping business due to the worldwide financial crisis. Evergreen Line had previously announced capacity reductions on several trade lanes. "The worldwide economic turmoil has created a situation we have not seen in our lifetimes," the company said in the statement to all North America employees. The measures being taken will reduce costs and put EGA on a more sustainable structure moving forward. Offices impacted will include Baltimore, Charleston, Chicago, Norfolk and Toronto. The Salt Lake City office will close and the work will be assigned to Dallas.
ABS Certifies Container Giant Evergreen To ISPS Code With Issuance of ISSC
ABS has certified the first Evergreen Marine Corporation (Taiwan) Ltd. containership to the IMO’s International Ship and Port Facility Security Code (ISPS Code) The International Ship Security Certificate (ISSC) is the first of what is expected to be a fleet-wide conformance to the Code’s provision well in advance of the July 2004 implementation date. The ISSC was issued by ABS to Evergreen’s 1,164 teu, Hong Kong flag container ship the MV Uni Accord. According to Capt. Hemant Juneja, Division Head for Safety, Environment & Security Certification for ABS Pacific, the MV Uni Accord is not only the first container ship in the Evergreen fleet to achieve certification to the new security standards…
Columbia River Mystery Spill Settled
The Washington State Department of Ecology issued a News Release stating that the Evergreen Marine Corporation has agreed to pay more than $130,900 to settle a penalty and other assessments related to a March 2001 oil spill into the Columbia River. Approximately 500 gallons of oily waste was found in the river in the vicinity of Kalama and was attributed to the M/V Ever Group. Source: HK Law
Evergreen Achieves Fleet Compliance To ISPS Code
Evergreen Marine Corporation, one of the world’s largest containership operators, has achieved certification to the new International Ship and Port Facility Security (ISPS) Code for its entire 75-vessel fleet. Auditors from the ABS Pacific Division have played a key role in helping the Taiwan-based container shipping company meet this landmark well in advance of the July 2004 implementation date. The Panamanian-flagged 4,211 teu Ever Develop was the last vessel in the fleet to be certified, completing all requirements by late March. “With other companies struggling to meet the fast approaching deadline, this early compliance to the ISPS code for such a large global fleet speaks to the deep commitment of Evergreen for systems certification in support of safety…
Everard to address China WTO Shipping Summit
BIMCO's President, Michael Everard, has been invited to chair the opening session of the China World Trade Organization (WTO) Shipping Summit, which will be held in Shanghai, China, from 18 to 19 April 2002. After making the opening remarks on the first day, Mr. Everard will introduce the panel, which includes: Mr. Administration Department, Ministry of Communications (MOC); Mr. Cooperation (MOFTEC); Captain Wei Jiafu, President of China Ocean Shipping (Group) Company (COSCO) and member of the BIMCO Executive Committee; Mr. Dirk Fry, President of the International Ship Managers As-sociation (ISMA); Mr. Todd Pigeon, Vice President of Maersk Data USA Inc.; Mr. Flemming R. Jacobs, Group President and CEO of Neptune Orient Lines Ltd. (NOL); Mr. Sooho Cho, Vice Chairman of Hanjin Shipping Co.
Wang: Container Market Strength to Continue
Arnold Wang, Chairman of Evergreen Marine Corporation, addressed delegates at the World Shipping Summit (China) 2007 on "Growing Demand as Indicated by the Shipbuilding Orderbook. Speaking at the World Shipping Summit (China) 2007 on November 2 in Tianjin, Arnold Wang, Chairman of Evergreen Marine Corporation, addressed the audience on the subject “Growing Demand as Indicated by the Shipbuilding Orderbook”. “In 2006, container throughput in all Chinese ports reached 80 million TEU, or around one-fifth of the global volume. For cargoes from Asia to Europe and North America, China’s exports have accounted for more than half of market volumes. In 2006 China gained a market share of 65% in the Trans-Pacific eastbound trade, 71% with the inclusion of Hong Kong.
Evergreen Launches New Service
Evergreen Line is to launch a new weekly service linking Asia with ports in the Eastern Mediterranean in November 2007. The AEM (Asia-East Mediterranean) service will employ seven ships of between 2500TEU and 3500TEU. The first sailing will be made by the 2824TEU Ital Ottima, which is scheduled to depart from Shanghai on 9 November. Shanghai – Ningbo – Nansha - Hong Kong - Tanjung Pelepas – Haifa - Limassol – Piraeus - Istanbul - Tanjung Pelepas - Shanghai. Evergreen Line had in September run an ad-hoc sailing in the Asia/Eastern Mediterranean trade and will run another two ad-hoc sailings in October to cope with booming demand in the region. "The East Med ports to be called at on a direct basis by our new AEM service were previously served by feeders.