Evergreen forecasts Q3 rebound

STAYING PREPARED: The shipping company has upgraded its idle vessels to meet new regulations, and has taken measures to ensure its crew members remain healthy

Taipei Times
Date:  Jun 26, 2020
By: Kao Shih-ching / Staff reporter

Evergreen Marine Corp (長榮海運) on Tuesday said it expects a rebound in its cargo volume in the third quarter after facing an up to 20 percent plunge in the first half of the year due to the COVID-19 pandemic.

However, as uncertainties remain in the fourth quarter, the company’s annual cargo volume might fall 15 percent year-on-year for the whole of this year, the nation’s largest cargo shipper said.

While the pandemic has decelerated economic activity worldwide and weakened demand in the global container shipping market, Evergreen saw demand pick up earlier this month and has received more orders for next month and August, company chairman Anchor Chang (張正鏞) told a news briefing in Taipei.

Summer is traditionally the cargo shipping industry’s peak season, as many suppliers transport their goods for clients ahead of product launches.    [FULL  STORY]