Evergreen announces box sale
Source:lloydsloadinglist 2013-12-27 9:52:00
The Taiwan-based shipping company raised $75.7m through the sale of the boxes by its subsidiary Greencompass Marine to Elevation Development and TG Global.
It expects to book a gain of $69.6m as a result of the deal.
The sale comes just over a month after Evergreen Marine reported a third-quarter net profit of $T48.5m ($1.6m).
However, the company reported a net loss of $T2.2bn for the first three quarters.
The sale of boxes will go a long way towards covering the loss reported during the first nine months of the year.
Evergreen Marine sold 32,265 container units, achieving an average price per container of $2,348.
It is not the only Taiwan-based shipping company to attempt to improve its balance sheet through selling containers this year.
In late November, Yang Ming announced that it would sell an unspecified number of containers to Textainer in a leaseback deal worth $T1.4bn.