EVERGREEN MARINE CORP (TAIWAN) Business Summary

Evergreen Marine Corp (Taiwan) Ltd (2603.TW) operates a vertically integrated maritime logistics business model, generating the majority of its revenue through international container shipping services. Its primary business is organized into the Transportation Department, which manages a global network of liner routes—including major transpacific, Far East-Europe, and intra-Asia lanes—complemented by ancillary segments such as container terminal operations, shipping agency services, and commercial port ship repair. As of February 2026, the company continues to aggressively expand its "Ever" class fleet, prioritizing high-capacity, dual-fuel LNG vessels to enhance operational efficiency and comply with global decarbonization mandates. Evergreen currently maintains its position as the world’s seventh-largest container carrier with a global market share of approximately 5.6%, placing it behind industry leaders Mediterranean Shipping Company (MSC), A.P. Moller-Maersk, and CMA CGM, while remaining a dominant force within the Ocean Alliance. Founded in 1968 by the late maritime pioneer Dr. Yung-Fa Chang, the company is currently led by Chairman Yen-I Chang and President Kuang-Hui Wu, who assumed the chief executive role in early 2024 after serving as Chief Executive Vice President and Finance Executive Officer. The executive team includes Vice Chairman Kuo-Hua Chang, representing the founding family’s enduring interests, alongside Chief Information Security Officer Chao-Kuo Huang and Financial Officer Cheng-Ping Mo. The company’s governance is anchored by a board featuring seasoned directors like Lee-Ching Ko and independent members such as Fang-Lai Yu. Ownership is characterized by a mix of foundational and institutional capital, with Evergreen International Corp holding a primary 27.33% stake and the Taiwan Ministry of Finance maintaining a 9.37% position, complemented by significant holdings from global asset managers including The Vanguard Group and BlackRock.