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Evergreen acquires 20% stake in Rotterdam Euromax terminal

Photo: Port of Rotterdam Authority Rotterdam port.jpg
Taiwanese container shipping line and port operator Evergreen Marine has acquired a 20% minority stake in Rotterdam’s Euromax terminal for $79 million, according to analyst Alphaliner.

Chinese shipping group Cosco Shipping also holds a stake in the container terminal. Euromax has a capacity of 4 million teu.

Taiwan’s largest box operator, Evergreen, has reported net profits of $160m in 2022.

Alphaliner suggested the Taiwanese line bought its stake from Hutchison, although this could not be confirmed. Evergreen has a huge orderbook of 840,000 teu, including ultra-large vessels.