Subscribe to RSS feedCapacity cutbacks hit Evergreen revenue
by
Keith Wallis - Lloyd's List
—
last modified
Dec 15, 2009 11:32 AM
Evergreen Marine, Taiwan’s largest container shipping company, has said capacity cutbacks introduced to mitigate the slump in freight rates were partly responsible for a 30% drop in revenue in November.
The company said turnover fell to T$1.29bn (US$39.8m) last month from T$1.8bn a year earlier.
That led to a further drop in revenue for the first 11 months of this year.
Evergreen Marine said it generated T$13.8bn in revenue up to November...
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