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Meanwhile, Evergreen sustained a first half loss of $143 million as revenue slumped 38.5 percent to $1.2 billion, Lloyd’s List reported Monday.
China Shipping, Evergreen report first half losses
China Shipping, Evergreen report first half losses
China Shipping and Evergreen joined the long list of container lines to lose huge amounts in the first half of 2009.
Shanghai-based China Shipping posted a first half loss of $497 million, on revenue of $1.3 billion, a 51 percent decline over the same period in 2008. Volume for the line fell 11.4 percent to 3.2 million TEUs in the first half. China Shipping has been one of the most active lines in terms of idling capacity, with about 21 percent of its fleet laid up.
Meanwhile, Evergreen sustained a first half loss of $143 million as revenue slumped 38.5 percent to $1.2 billion, Lloyd’s List reported Monday.
Meanwhile, Evergreen sustained a first half loss of $143 million as revenue slumped 38.5 percent to $1.2 billion, Lloyd’s List reported Monday.
