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Evergreen Marine's Dec. 2014 Revenue Hits 27-month High of NT$12.8 Bn.

Jan 26, 2015 | By Steve Chuang

Despite a low season for the global shipping industry, Taiwan-based Evergreen Marine Corp., a globally known shipper, scored a 27-month high of NT$12.819 billion (US$427.3 million) in revenue for December 2014, up 11% month-on-month or 12.83% year-on-year, according to the firm's latest financial statement.

For the whole year, its revenue totaled NT$144.2 billion (US$4.54 billion), up 3.63% over 2013 and including NT$37.17 billion (US$1.17 billion) earned in Q4, down 1.03% from Q3, a typical high season for the industry.

The firm attributes the banner performance mainly to strong economic recovery in the U.S., which has triggered considerable market demand for shipping and helped to sustain its Q4 shipping rates for the U.S. and European routes at the same levels of peak seasons, with a load factor averaging over 90% per vessel.

The shipper expects buoyant profit reports for Q4, 2014, from institutional investors, primarily due to 40-percent-plus drop in international oil prices during the quarter.

Evergreen Marine president, Anchor Chang, noted earlier that as continuous drop in oil prices benefits global shipping companies, his company is very likely to finish Q1, 2015, with better performance than the previous quarter.
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Evergreen Marine's Revenue in H2, 2014 by Month
Month
Revenue
YoY Growth Rate
Jul.
NT$12.364 Bn.
7.20%
Aug.
NT$12.468 Bn.
1.30%
Sept.
NT$12.724 Bn.
4.79%
Oct.
NT$12.802 Bn.
14.93%
Nov.
NT$11.548 Bn.
6.39%
Dec.
NT$12.819 Bn.
12.83%
Source: Market Observation Post System


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