Subscribe to RSS feedEvergreen Marine returns to the black
TAIPEI-listed Evergreen Marine, the world’s sixth largest container line by capacity, returned to profit in the first half ended June 30, on the back of higher freight rates and larger volumes as the world economy recovered from its worst economic downturn in decades.
For the January-June period of 2010, the largest Taiwanese box ship operator posted a net profit of T$4bn (US$122.4m), a stark contrast to a net loss of T$4.7bn the company posted during the first half of 2009.
Its revenue...
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