• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

At a time when major container lines of the world have joined the race to place orders for mega-carriers, there is a solitary exception. The Taiwan-based container giant Evergreen has suspended plans for acquisition of mega-sized ships. The shipping line has downsized its order book in a reversal from a charter deal with management and leasing company Niki Group for eight ships each of 12,500-TEU capacity. As a result, Evergreen, according to AXS-Alphaliner News, is report ed to be the only large operator left without future investment in mega carriers and its order book is reduced to the sole 4298-TEU sub-Panamax, Ital Moderna, due for delivery in October. However, the company’s CEO has said that despite the near-empty order book, the shipping line may still operate 7,000-TEU vessels in next few years, presumably either by acquiring on charter or by acquiring second-hand tonnage for its mainline trades.

OUR BUREAU

More Stories on : Shipping/Ports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line