Evergreen Grows Reefers as Market Heats Up — Panjiva


Evergreen Grows Reefers as Market Heats Up

Corp - Shipping 610 Mode - Containerized 1007 Mode - Seaborne 1275 U.S. 3310

Evergreen has added 3,000 refrigerated containers (“reefers”) to its fleet in response to rising demand. That follows a global lull for new reefer orders that led Maersk to rationalize its manufacturing sites. Evergreen’s handling of reefers into the U.S. grew by 10% on a year earlier in the second quarter. While slightly behind the 12% sector average it only has a 6% market share so far, dominated by shipments from China (35.5k TEUs in the past year or 40% of Evergreen’s total) and Taiwan (24%). There may be room for Evergreen to use its new reefers to add volumes on routes from South K...

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