- Barrons.com•2 months ago
Hanjin's membership in the CKYHE shipping alliance, which includes China COSCO (1919.Hong Kong), Yang Ming Marine (2609.Taiwan) and Evergreen Marine (2603.Taiwan), has since been suspended. About half of Hanjin's container vessels have been blocked from ports since its bankruptcy filing, according to media reports. Yang Ming Marine soared over 10% in two days and Evergreen Marine was up over 15% in three days. While shipping rates could go up in the short-term, Hyundai is likely to acquire Hanjin's fleets anyhow and this industry still has way too much overcapacity.
- Reuters•5 months ago
LONDON/FRANKFURT, May 13 (Reuters) - German container shipping firm Hapag-Lloyd has formed a new alliance with five Asian competitors in the latest tie-up by rivals battling to cut costs in the worst downturn the industry has ever seen. Dubbed "the Alliance" and due to start operating in April 2017 for a five-year period initially, Hapag-Lloyd will join with Japan's Nippon Yusen Kaisha (NYK), Kawasaki Kisen Kaisha ("K"-Line) and Mitsui OSK Line (MOL), South Korea's Hanjin Shipping and Taiwan's Yang Ming Marine Transport. Friday's announcement follows closely that of the "Ocean Alliance", announced in April, which comprises France's CMA CGM , newly merged China Cosco Shipping, Evergreen and OOCL (double O).
- Reuters•7 months ago
A battle among brothers for control of one of Taiwan's biggest conglomerates boiled over into the public domain last week when EVA Airways ejected its chairman. Chang Kuo-Wei, also a pilot for a carrier he had led since 2013, had just flown an EVA jet to Singapore when he was ousted at a March 11 board meeting called by his three older brothers, according to an EVA spokesman and Chang's lawyer. No reason for the move was given when EVA announced it later that day.
Evergreen Marine Corporation (Taiwan) Ltd (2603.TW)
Taiwan - Taiwan Delayed Price. Currency in TWD
|Day's Range||12.00 - 12.25|
|52wk Range||10.90 - 15.35|
|1y Target Est||N/A|
|P/E Ratio (ttm)||-4.16|
|Avg Vol (3m)||9,034,078|
|Dividend & Yield||N/A (N/A)|