Evergreen Wilts With Wan Hai in 2Q, Sees Green Shoots in July — Panjiva
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Evergreen Wilts With Wan Hai in 2Q, Sees Green Shoots in July

Earnings 759 Logistics 476 Mode - Containerized 1524 Mode - Seaborne 1845 Taiwan 231 U.S. 5399

The Taiwanese shippers both experienced double-digit declines in revenues in 2Q16 vs. a year earlier, with Evergreen 3% below market expectations and Wan Hai 4%. In July though they diverged – Panjiva data shows Evergreen’s U.S.-bound shipments rose 13% vs. June, while Wan Hai dropped 23%.

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