Evergreen Marine Corp (EMC), the listed subsidiary of Evergreen Group, provided
an update presentation in Taiwan after market last Friday (14th Oct). The
presentation materials provided additional color on the Evergreen's operation
and relevant read through to the whole liner industry.
First, decline in freight rates was the main reason for the 16% MoM drop in the
Evergreen's revenue in September. During Sep, Evergreen's volume was down 5% MoM
while the freight rates dropped 12% MoM. in the de