Sponsored By

Evergreen acquires 20% stake in Rotterdam Euromax terminalEvergreen acquires 20% stake in Rotterdam Euromax terminal

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.

Michele Labrut, Americas Correspondent

August 17, 2023

1 Min Read
Rotterdam port
Photo: Port of Rotterdam Authority

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.

Read more about:

Evergreen

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like