Founded in 1968 by tycoon Chang Yung-fa, Evergreen Marine is one of the world’s largest maritime freight companies.
The Taiwan-based company is a unit of Evergreen Group, a transportation conglomerate controlled by the Chang family. The group includes Taiwan’s second-largest airline, EVA Airways.
The company’s core businesses include cargo transport by ship, vessel construction and port management.
In recent years, Evergreen has been enhancing its fleet by leasing bigger ships and building newer vessels. It aims to better compete in a sector pinched by a sluggish global economic recovery.
The Chang family remains a major shareholder, though it mainly relies on professional managers to oversee operations. Chairman Anchor Chang, who is not related to the founding family, has been with Evergreen since 1986.