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Evergreen raising $300m for fleet growth

Taiwanese liner shipping major Evergreen Marine has announced a plan to issue $300m worth of overseas bonds.

It will be the company’s first ever overseas bond issue and the proceeds will be used for the acquisition and chartering of ships as well as overseas bunker fuel payments.

Evergreen said the funds raised from the bond issue will help the company keep its long-term competitiveness.

According to Alphaliner, Evergreen currently operates a fleet of 193 ships including chartered ships, making it the seventh largest container shipping operator in the world. The company also has 60 vessels on order, accounting for 42% of its existing fleet.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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