Fri, Oct 08, 2010 - Page 11 News List

‘Lloyd’s List’ names Evergreen chairman Asian ‘Newsmaker’

STAFF WRITER, WITH CNA

Evergreen Group (長榮集團), Taiwan’s largest shipping company, yesterday said chairman Chang Yung-fa (張榮發) had been named “Newsmaker of the Year” by Lloyd’s List.

Lloyd’s List is a London-based international marine publication which provides information and analysis on the global shipping industry. It was scheduled to hold an awards ceremony in Singapore last night to announce this year’s 17 Lloyd’s List Asia Awards.

Evergreen said the award showed recognition for the impact that Chang had on the development of the global shipping industry and of world trade over the past 12 months.

A recent interview with Chang by CNBC’s Managing Asia showed Chang was one of the most impressive people in the shipping industry, Evergreen said.

In the interview, Chang talked about his efforts to establish Evergreen Marine Corp (長榮海運) and then expand to the airline and hotel businesses, the group said.

In the previous years when the shipping industry was booming, Chang defied the trend of other shippers to order many large container ships. He believed such expansion would only raise operating costs and impact the bottom line, the group said.

As a result, Evergreen, which had very litte debt, has encountered less financial pressure than other firms, the group said.

In 2006, Chang was the first Asian to be awarded the “Lifetime Achievement Award” by Lloyd’s List.

Evergreen Group encompasses shipping, transportation and associated service companies. It was formed in 1975 from the diversification of the original Evergreen Marine Corp.

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