- The shareholders meeting of Evergreen Shipping mentioned that in response to the implementation of the International Maritime Organization (IMO) carbon intensity CII and the requirements of carbon reduction regulations in various countries, five major strategies were listed for operational focus, including continuous planning and construction of dual-fuel environmentally friendly ships, adjustment of ship speed and route berthing Ports, planning global strategic terminals, accelerating the digitalization of shipping information, continuing to conduct bio-fuel testing and planning carbon capture testing, etc.
- Among them, in the part of planning dual-fuel environmentally friendly ships, Evergreen Marine announced today that the board of directors of its subsidiary Evergreen Marine (Asia) has decided to spend 4.32-5.04 billion US dollars (approximately NT$135.1-157.7 billion) to order 24 16,000TEU methanol dual-fuel containers wheel!
- According to the announcement, 16 of them will be ordered by Samsung Heavy Industries, and the other 8 will be ordered by Nihon Shipyard, with an average price of US$180-210 million (about NT$56-66) billion). However, relevant details including delivery, operation and fleet configuration are still to be confirmed further.
- The 80th meeting of the Marine Environment Protection Committee (MEPC 80) of the International Maritime Organization (IMO) in July revised the new target for reducing greenhouse gas emissions from ships. Although the carbon intensity will be reduced by at least 40% in 2030, a corresponding phased target will be set for 2030. At least 20% per year, 70% by 2040, and an increase in the proportion of energy used by ships on international routes before 2030. At least 5% must come from zero (or close to zero) greenhouse gas emission technologies or fuels. If the row is 50%, it needs to be net zero!
- In the past, Evergreen Maritimes incorporated environmental protection regulations into the content in terms of opportunities and risks in terms of legal theory, and repeatedly mentioned the issue of market competitiveness of environmentally friendly ships. Based on the previous legal theory, the carbon reduction target was reduced by 50% by 2030, Carbon neutrality by 2050. At this year’s shareholder meeting, General Manager Xie Huiquan also said that the International Maritime Organization (IMO) carbon reduction regulations came into effect this year, requiring ships to reduce their speed to reduce carbon emissions. Shipping companies must invest more ships in the route to maintain the original shipping service level. Old ships that comply with the regulations will be forced to be dismantled and decommissioned.
- In the first round of fleet replacement, 80% of Evergreen’s fleet is under 10 years old, which is much better than the overall container shipping market’s ratio of about 30%. In response to the latest regulations, the second round of new energy ship replacement will be carried out. It is estimated that by 2050 year full replacement.
- Evergreen also expects that after the new environmental regulations change the rules of market competition, it is expected to demonstrate high operational competitiveness. As of 7/11, the Evergreen fleet has a total of 214 ships, with a capacity of 1.676 million TEUs. In addition to today’s decision to build new methanol dual-fuel ships and signed orders for new ships, there are still 61 ships to be delivered, with a capacity of about 670,000 TEUs. Among them, this year Two new ships will be delivered before the end of the year, with an additional capacity of about 31,000 TEU. Next year, 22 new ships are expected to be delivered, with an additional capacity of about 220,000 TEU. In 2025, 18 new ships are planned to be delivered, with an additional capacity of about 138,000 TEU. In 2026, 4 new ships will be delivered, with an additional capacity of about 32,000 TEU.
- Evergreen Shipping announced that its consolidated revenue in June reached NT$22.131 billion, a monthly decrease of NT$786 million or 3.43%, a decrease of NT$38.204 billion compared with the same period last year, and an annual decrease of 63.32%. The consolidated revenue in the second quarter reached NT$67.384 billion, The annual decrease was 61.49%, and the quarterly increase was 0.83%. The operation showed a steady growth. Overall, the revenue trend of Evergreen Shipping still depends on the destocking situation of customers, the Ukrainian-Russian war, the global inflation situation, and the trend of freight rates
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