Subscribe to RSS feedEvergreen cuts hit revenue
by
Keith Wallis, Hong Kong
—
last modified
Dec 18, 2009 11:16 AM
EVERGREEN Marine, Taiwan’s largest container shipping company, said capacity cutbacks introduced to mitigate the slump in freight rates were partly responsible for a 29.6% 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...
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