While the world's largest container carrier, Maersk Line, has been forced to admit that the timing and delivery of the 20 new mega ships in the Triple-E series could have been better, one of the shipping company's closest rivals, Taiwanese Evergreen, scores high marks in a new analysis by Drewry.
"The Evergreen Group has shown exceptional timing in judging the investment cycles, preserving cash and opportunistic ordering of new vessels near the trough of new-build prices. Evergreen was one of the few major carriers which refrained from ordering at peak of the market in 2004-08, eventually benefiting from a major decline in new-build prices," says Drewry.
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