Topic “Evergreen” — Exporter Magazine

Taiwan’s Evergreen Marine and its affiliates have signed syndicated loan worth US$824 million to fund the purchase of ten 8,800-TEU newbuildings from China Shipbuilding Corporation (CSBC) of Taiwan, according to Transport Weekly, citing the Shipping Gazette. Containership owners have placed orders for a total of 1.6 million TEU of new capacity since June 2010, surpassing deliveries recorded in the same period which hit 1.4 million TEU, according to the Shipping gazette citing Alphaliner data. Europe’s ban on shipping conferences has led to greater rate volatility, costs and supply chain instability but the true impact of this ban cannot be determined due to the impact from the global economic downturn, according to the Shipping Gazette citing the American Shipper.