Subscribe to RSS feedMarching forward – Evergreen heading back into the black
by
Hui Ching-ho, Hong Kong
—
last modified
Mar 29, 2010 01:15 PM
TAIWAN’S largest container line, Evergreen Marine, expects its business to return to the black in 2010 following net losses of T$2.6bn (US$81.6m) in the third quarter of last year.
However, analysts are cautious that climbing fuel prices could cast an uncertainty over the recovery of the container line.
Evergreen Marine spokesman Nieh Kuo-wei said the company expected a turnaround this year.
The surging demand to replenish depleted inventories had...
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