Evergreen starts container company in Singapore

摘要

Amid stories of companies crumbling, Taiwan's Evergreen has set up a new container shipping company based in Singapore.rnThe vessels would fly the Singapore flag, as Evergreen noted that it would be best to capitalise on Singapore's standing as a flag of quality.rnThe initial fleet of Evergreen Marine (Singapore) will include vessels re-registered from Panama with new ships rnto be added at a later stage. A total of 13 ships will be re-registered and brought under the Singaporean company.rnChang Yung-fa, the Chairman of the Evergreen Group, said that he had big plans for the development of the new Singaporean company. He said it could eventually own and operate up to 50 ships, all registered under the Singapore flag.rnEvergreen is the world's fourth largest container line.