Regarding updating fleets, responding to the impact of sulfur limit orders, and the Sino-US trade war.
According to Taiwan media reports, at the legal meeting (a corporate legal person meeting of Taiwan) held by Evergreen Shipping on July 26, Evergreen Shipping Chairman Zhang Zhengyong said that starting from the second half of the year, new ships will join the fleet one after another. Before the end of this year, 8 new ships will be added. From 2020 to 2022, 55 new ships will be added. By then, Evergreen Shipping's total capacity will increase to 1.66 million TEU, ranking close to fifth in the world.
Evergreen Shipping Chairman Zhang Zhengyong
At present, the company's total capacity is 1.277 million TEU, with 207 ships, ranking seventh in the world in terms of capacity. Among them, 113 owned ships account for 45% of their total capacity; 93 rental capacity account for 55%.
In addition, in order to cope with the IMO2020 sulfur limit order, the main ship models of Evergreen Shipping have been equipped with desulfurization equipment (Scrubber). Currently, 139 ships have installed desulfurization equipment, and high-sulfur oil can continue to be used in the future to effectively reduce fuel costs.
Evergreen Marine said that from 2019 to 2024, the price difference between high and low sulfur oil was US$160 per ton. The installation of desulfurization equipment not only complies with environmental protection regulations, but also greatly saves fuel consumption, which will help enhance the company's competitiveness. The company is expected to perform better next year than this year.
It is also worth noting that although the Sino-US trade war affects the global economy, Zhang Zhengyong said that the Southeast Asian region has increased significantly due to the Sino-US trade war, especially Thailand, Vietnam and Malaysia , with significant growth. Evergreen Shipping took advantage of the low ship price and created a batch of brand new medium-sized ships and successively invested in the Southeast Asian market, proving that the original layout strategy was correct.
The well-known consulting agency in the industry analyzed that the global cargo volume growth rate this year is lower than the market capacity growth, and it is estimated that the cargo volume will grow by 2.5% this year and the capacity will grow by 3.1%, and will gradually become balanced next year.
Zhang Zhengyong said that the global economy is growing moderately and positively. Although there is uncertainty in the short term, it has sufficient momentum in the medium and long term, which is conducive to driving the growth of goods.
Previously, media reported that Evergreen Shipping has issued an tender , hoping to build 9+2 23,000TEU type container ship , with a total value of US$1.7 billion, and plans to operate through after-sales leaseback. According to reports, the tender has attracted major shipyards in China, Japan and South Korea.
Source: China Airline Weekly
