Taiwan's Evergreen Marine plans to order 100 container ships in 2010 to expand its owned fleet to nearly 300.
Taiwan's Evergreen Marine plans to order 100 container ships in 2010 to expand its owned fleet to nearly 300, Evergreen founder Chang Jung-fa said in an interview published Sunday. Chang hopes to realize the goal of making Evergreen the world's largest container line in his lifetime. As the global financial crisis is coming to an end, Chang said, Evergreen plans to order 100 container ships in 2010. "Doing the shipping business is not running a grocery store. You have to have vision," he said.
Chang predicted in 2007 that a general economic recovery would not begin until 2012, so Evergreen had not invested in new ships in the past two years. Chang, 81, said that in 2008, a French shipping company tycoon invited him jointly to build a 15,000-TEU container ship. Chang turned down the offer because he knew the time was not right. But now the time had come to expand the fleet.