# Evergreen Marine > Taiwanese shipping company **Wikidata**: [Q706946](https://www.wikidata.org/wiki/Q706946) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Evergreen_Marine_Corporation) **Source**: https://4ort.xyz/entity/evergreen-marine ## Summary Evergreen Marine is a major Taiwanese shipping company founded in 1968, specializing in global cargo transportation. It operates one of the world’s largest container ship fleets and is a subsidiary of the Evergreen Group. The company gained international attention in 2021 when its vessel *Ever Given* blocked the Suez Canal, disrupting global trade. ## Key Facts - **Founded**: 1968 - **Parent Organization**: Evergreen Group - **Headquarters**: Luzhu District, Taoyuan City, Taiwan - **Industry**: Shipping, logistics, transportation - **Stock Exchanges**: Listed on the Taiwan Stock Exchange (TWSE) and London Stock Exchange (LSE) - **Notable Vessels**: *Ever Given* (container ship involved in the 2021 Suez Canal blockage), A-class and G-class ultra-large container ships - **Founders**: Chang Yung-fa (via the Evergreen Group) - **Subsidiaries**: Part of the Evergreen Group conglomerate, which includes logistics, aviation, and tourism businesses - **Classifications**: Public company, shipping line, logistics provider ## FAQs **What is Evergreen Marine’s role in global trade?** Evergreen Marine is a critical player in international shipping, operating a vast fleet of container vessels that transport goods across major trade routes, including the Asia-Europe and trans-Pacific corridors. **What is the connection between Evergreen Marine and the Suez Canal blockage?** In March 2021, the company’s *Ever Given* container ship ran aground in the Suez Canal, blocking the waterway for six days and causing widespread disruptions to global supply chains. **Is Evergreen Marine a publicly traded company?** Yes, the company is listed on the Taiwan Stock Exchange (TWSE: 3008) and has securities traded on the London Stock Exchange. **What other businesses are part of the Evergreen Group?** The Evergreen Group includes subsidiaries in aviation (EVA Air), logistics (Evergreen International), tourism, and real estate, in addition to its core shipping operations. ## Why It Matters Evergreen Marine is a cornerstone of Taiwan’s economy and a vital link in global supply chains. Its extensive fleet and strategic operations enable the flow of goods between continents, supporting industries ranging from manufacturing to consumer retail. The company’s scale and efficiency have positioned it as a leader in the shipping industry, while its high-profile incidents (e.g., the *Ever Given* crisis) underscore its systemic importance to world trade. ## Notable For - **Ultra-Large Container Ships**: Operates A-class vessels with capacities exceeding 20,000 TEU (twenty-foot equivalent units). - **Global Reach**: Services over 200 ports in more than 80 countries. - **Suez Canal Blockage**: The *Ever Given* incident highlighted the fragility of global maritime logistics. - **Diversified Conglomerate**: Part of the Evergreen Group, which spans shipping, aviation, and tourism. - **Taiwanese Economic Impact**: A major employer and contributor to Taiwan’s GDP. ## Body ### History and Founding Evergreen Marine was established in 1968 as a subsidiary of the Evergreen Group, founded by Taiwanese businessman Chang Yung-fa. The company began operations with a single ship and expanded rapidly during the 1970s–1980s, driven by Taiwan’s export-oriented economic growth. By the 2000s, it had become one of the world’s largest shipping lines, known for its distinctive green-colored container vessels. ### Operations and Fleet The company operates a fleet of over 300 container ships, including ultra-large vessels (ULCS) such as the 20,000+ TEU A-class and 16,000 TEU G-class ships. These vessels service major trade lanes, including the Asia-Europe route and trans-Pacific routes to North America. Evergreen Marine is also a key player in regional trade, connecting Taiwan with Southeast Asia, the Americas, and Europe. ### Subsidiaries and Affiliates - **Evergreen Group**: Parent conglomerate founded in 1968, headquartered in Taipei. - **EVA Air**: A major Taiwanese airline and subsidiary of the Evergreen Group. - **Evergreen International**: Provides logistics and freight forwarding services. - **Evergreen Tourism**: Manages travel and hospitality businesses. ### Notable Incidents - **2021 Suez Canal Blockage**: The *Ever Given* container ship, operated by Evergreen Marine, became wedged in the Suez Canal on March 29, 2021, halting traffic for six days. The incident caused an estimated $12 billion in economic losses and disrupted global supply chains. - **Environmental Concerns**: The company has faced criticism for its carbon emissions and involvement in maritime pollution incidents, prompting investments in fuel-efficient vessels and alternative energy research. ### Corporate Structure and Ownership Evergreen Marine is a public company listed on the Taiwan Stock Exchange (TWSE: 3008) and has global depository receipts (GDRs) traded on the London Stock Exchange. The Evergreen Group retains significant ownership, with shares also held by institutional investors and the public. ### Global Presence The company maintains offices in major maritime hubs, including Taipei, Singapore, and Rotterdam. Its ships call at over 200 ports worldwide, and it partners with logistics firms to offer door-to-door cargo services. Evergreen Marine is a member of the Ocean Alliance, a major shipping consortium that coordinates vessel schedules and routes. ### Technical Specifications - **A-Class Container Ships**: 24,000 TEU capacity, 400 meters in length, powered by low-sulfur fuel. - **G-Class Container Ships**: 16,000 TEU capacity, designed for fuel efficiency and emissions reduction. - **Fleet Management**: Uses digital tracking systems and AI-driven route optimization to reduce transit times and fuel consumption. ### Cultural and Economic Impact Evergreen Marine’s operations support approximately 5% of Taiwan’s GDP and employ thousands of workers directly and indirectly. The company’s iconic green branding is recognized globally, symbolizing Taiwan’s maritime industry. Its logistical networks are critical to the export of Taiwanese electronics, machinery, and textiles, as well as the import of raw materials and energy resources. ### Related Entities - **Chang Yung-fa**: Founder of the Evergreen Group and a prominent Taiwanese entrepreneur. - **Taiwan Stock Exchange**: Primary listing venue for Evergreen Marine’s shares. - **London Stock Exchange**: Hosts the company’s GDRs for international investors. - **Luzhu District**: Location of the company’s headquarters in Taoyuan City. ### Awards and Recognition Evergreen Marine has received industry awards for operational efficiency and safety, including certifications from the International Maritime Organization (IMO) and Lloyd’s Register. The company has also been recognized for its contributions to Taiwan’s economic development and global trade facilitation. ## References 1. [Market Observation Post System](https://mops.twse.com.tw/mops/web/t05st03) 2. [Market Observation Post System](https://mops.twse.com.tw/mops/web/t05st01) 3. Freebase Data Dumps. 2013 4. Global LEI Index 5. Quora 6. Know Your Meme