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Evergreen megafleet expansion plan underway

Evergreen megafleet expansion plan underway

Seoul: Evergreen Group chairman Y.F. Chang is reported to have ordered 10 containerships of 8,000teu capacity from an unnamed South Korean builder as part of the company's mega fleet expansion plan. According to news source CENS, the company is also in the midst of negotiations wit  China Ship Building Corporation for a contract for a series of 12 container ships.

Responding to interviews with the United Daily News, Chang also disclosed plans to expand its F&B operations, including venues in Chiaohsi of Ilan County, northeastern Taiwan, and major cities as Shanghai, Chongqing, Chengdu, Shenzhen, Beijing, Hangzhou in China, also predicting a profitable year from the group's marine, air transportations, CENS writes.

The direct flights between Taiwan and China motivate Chang to believe the group will generate more profit from air transportation than marine shipping this year.
EVA Airway under the group has posted US$37.26 million in the first quarter, with a promising outlook for the remainder. Chang said Evergreen Marine Corp. will post encouraging results for the third quarter but with modest earnings to be achieved for 2010.

Chang predicts the global economy will recover in W-form before 2012.
Evergreen Group says 100 ships will be constructed within the next decade, with the first to be completed by 2013. Chang specifies that all the newly ordered ships will be built by advanced eco-friendly designs.  [09/06/10]


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