EVERGREEN RIDING OUT RATE DIP BROUGHT ON BY LARGER VESSELS
TAIPEI -- Evergreen Marine Corporation (Taiwan) Ltd. (EMC) has
announced its operating revenue in 1996 was NT$31.26 billion (US$1.00
equals approximately NT$27.7), down from 1995's NT$31.43 billion.
According to the line, this is despite experiencing a year when
freight rates were always under pressure as competitors introduced
larger and larger ships.
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