Supply Chain · Profile from Supply Chain Research Companion
Evergreen Marine
The Taiwanese container line founded on 1 Sep 1968 by Chang Yung-fa with one second-hand ship (reported), which won US importers in the 1970s with fixed-day schedules and owned ships, launched two-way round-the-world services in 1984 (the year United States Lines tried a one-way version and went on to fail in 1986, reported), became one of the world's largest carriers, and has sailed in the Ocean Alliance with COSCO/OOCL and CMA CGM since Apr 2017. Its name is attached to the decade's two best-known groundings — the chartered *Ever Given in the Suez Canal 23–29 Mar 2021; owner Shoei Kisen) and the *Ever Forward in Chesapeake Bay off Baltimore 13 Mar–17 Apr 2022) — and to the industry's most famous staff bonuses (40 months' pay for 2021; 10–52 months for 2022, reported). A family carrier through the cycle: 2022 net profit NT$334.2bn (~$11bn), 2025 ~NT$70bn (reported), with an orderbook of ~59 ships, ~820,000 TEU (reported).
At a glance
- Founded
- 1 Sep 1968, Taipei, by Chang Yung-fa (1927–2016) (company history, reported; day verify)
- Headquarters
- Taipei (Luzhu, Taoyuan operations, verify); North American headquarters Evergreen Shipping Agency (America) Corp., Jersey City, New Jersey (reported, verify)
- Ownership / structure
- Listed on the Taiwan Stock Exchange (2603; listed 1987, reported, verify); controlled by the Chang family and Evergreen Group companies (reported); group includes EVA Air, Evergreen International Storage & Transport, Uniglory, Italia Marittima (ex-Lloyd Triestino), Evergreen Marine (UK) and hotels (reported)
- Leadership (2026)
- Family members and long-serving executives after the founder's death on 20 Jan 2016 (current chair and president verify)
- Segments
- Container shipping (dominant); terminals and related services (reported)
- Scale
- 2022: revenue NT$627.3bn, net profit NT$334.2bn (records, company via Taiwan News). 2024: revenue ~NT$463.6bn, net ~NT$144.0bn; 2025: revenue ~NT$379.1bn (−18%), net ~NT$70.2bn (−51%), EPS ~NT$31.7; H1 2026: revenue ~NT$191.7bn, net ~NT$24.3bn (secondary, reported). Fleet ~200+ ships, ~1.7–2.0m TEU, ~5–6% of world capacity (Alphaliner-based, verify)
- US footprint
- Large transpacific franchise into Los Angeles/Long Beach, Oakland and the Pacific Northwest; Asia–US East Coast services; Everport Terminal Services operating container terminals at the Port of Los Angeles (Terminal Island) and Oakland (reported, verify berths and current list)
- Alliances
- CKYHE (with COSCO, K Line, Yang Ming, Hanjin; to 2017, reported); Ocean Alliance with CMA CGM, COSCO and OOCL from 1 Apr 2017, extended to 2032 (reported, verify)
- Signature moves (incl. failures)
- Founding (1968); round-the-world service (1984); Lloyd Triestino (1998); founder's death and succession dispute (2016); Ocean Alliance (2017); Ever Given (2021, failure of the system); windfall and staff bonuses (2021–22); Ever Forward grounding (2022, failure); methanol and LNG newbuild orders (2023–25)
9 strategic moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
1968
Founding by Chang Yung fa
Founding
1984
Round the World Service
Network build (fleet order and new service design)
1998
Lloyd Triestino Acquisition
Acquisition (privatisation purchase of a state-owned carrier)
2016
Founder Death and Succession Dispute
Leadership change / governance dispute (part failure)
2017
Ocean Alliance
Alliance or vessel-sharing agreement
2021
Ever Given in the Suez Canal
Disruption and response / safety incident (failure — of the system rather than of Evergreen's strategy)
2021
Windfall and Staff Bonuses
Capital allocation (bonuses, dividends, fleet orders) during a windfall
2022
Ever Forward Grounding in Chesapeake Bay
Safety incident / disruption and response (failure)
2023
Methanol and LNG Newbuild Orders
Network build (vessel orders) / technology bet (alternative fuels)