Evergreen Group (長榮集團) yesterday said it planned to charter 11 new vessels with capacities of 18,000 twenty-foot equivalent units (TEU) for the use of Evergreen Marine Corp (長榮海運) and its subsidiaries, aiming to upgrade its fleet to lower unit costs.
Evergreen Marine, the nation’s largest container shipper in terms of fleet size, is scheduled to take delivery of the 11 ships from 2018 through 2019, the company said in a statement.
The group has signed a charter agreement with Japan’s Shoei Kisen Kaisha Ltd, with the 11 chartered vessels including the six announced by Evergreen Marine in December last year.
“The group has taken this investment decision to introduce 18,000-TEU vessels based on market demand and the capacity requirement for joint service,” the statement said.
Current service cooperation arrangements with its alliance partners will enable Evergreen Marine to efficiently utilize the capacity and garner the potential economic benefits represented by larger vessels, the company added.
The new ships’ main engine is developed with a longer stroke to operate at lower speeds capable of reducing fuel consumption and greenhouse gas emission up to 7 percent more than traditional main engines, which might help lower the company’s unit cost.
Evergreen Marine’s move is part of its fleet renewal plan, along with the ongoing delivery of its own 30 8,500-TEU L-type vessels, a program beginning in July 2012 that is due to be completed this year.
In addition, Evergreen Marine has already taken delivery of five 8,800-TEU and 10 13,800-TEU chartered ships, with another 10 chartered 14,000-TEU units to be delivered from next year through 2017.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
RSS