How Does Evergreen Marine Corp. (Taiwan) Company Work?

Evergreen Marine Corporation's primary offerings include full-container-load (FCL) and less-than-container-load (LCL) services, catering to diverse cargo needs. The company operates a substantial fleet, boasting over 200 vessels, including ultra-large container vessels (ULCVs) with capacities exceeding 24,000 TEUs. These vessels traverse key global trade routes, ensuring consistent connectivity across continents.

The company's operational strength lies in its meticulous management of fleet deployment and route optimization, adeptly navigating global trade lanes and potential disruptions. Evergreen Marine's extensive network, supported by over 315 offices and agents worldwide, facilitates seamless intermodal transportation, integrating sea, road, rail, and barge services for end-to-end logistics solutions.

As a key member of the Ocean Alliance, Evergreen Marine Corp Taiwan collaborates with other major carriers to enhance its service offerings and network reach. This alliance positions the company as a significant force in the container shipping industry, contributing to its ability to provide reliable and efficient services that prioritize customer satisfaction and operational efficiency.

Continuous investment in technology, such as advanced digital platforms for real-time shipment tracking, is central to Evergreen Marine's value proposition. These technological advancements enable enhanced customer benefits, offering transparency and control over cargo movement, which is crucial in today's fast-paced global supply chain environment.

In 2024, Evergreen Marine Corp. (Taiwan) reported impressive financial results, with revenue reaching TWD 463.6 billion (US$14.1 billion) and net income at TWD 144 billion (US$5 billion). This surge was primarily fueled by elevated freight rates and increased shipping volumes, partly due to longer transit routes necessitated by Red Sea diversions.

The company has made substantial investments in its fleet's future, ordering eleven 24,000 TEU LNG dual-fuel container ships for approximately $3.2 billion, with deliveries slated for 2028. This follows earlier orders for methanol-powered vessels in 2023, highlighting a commitment to sustainability and advanced propulsion technologies.

Evergreen Marine operations demonstrated agility in response to geopolitical events. The Red Sea crisis, leading to extended voyages around the Cape of Good Hope, positively impacted freight rates and absorbed available capacity, thereby boosting the company's earnings.

In a significant strategic move in March 2025, Evergreen Marine Corp. (Taiwan) invested over $1 billion to acquire ten of its largest chartered container vessels. This acquisition, including five 20,000-TEU and five 14,000-TEU units, enhances fleet control and aims to improve cost efficiency.

Evergreen Marine Corp. (Taiwan) is the seventh-largest container carrier globally, operating 217 ships with a 1.65 million TEU capacity as of May 2025. Its alliance with major carriers strengthens its international presence.

The company has 62 new vessels on order, adding 760,000 TEUs to its capacity. Its strategic partnership within the Ocean Alliance, managing 3.8 million TEUs collectively, is a key aspect of its operational strategy.

Geopolitical events like the Red Sea crisis, potential industry overcapacity with 2.1 million TEUs of new vessels arriving in 2025, and stringent decarbonization regulations pose significant challenges.

Evergreen is investing in fleet modernization with environmentally friendly vessels, including LNG and methanol-powered ships. The company aims to maintain profitability through operational efficiency and customer focus.