TAIWAN's Evergreen has sold assets in 32,265 containers from its subsidiary Greencompass Marine to Elevation Development and TG Global at a price tag of US$75.7 million creating working capital of $69.6 million.
Evergreen sells off 32,265 containers at US$2,000/TEU to plug lossesTAIWAN's Evergreen has sold assets in 32,265 containers from its subsidiary Greencompass Marine to Elevation Development and TG Global at a price tag of US$75.7 million creating working capital of $69.6 million.
The move is an effort to plug losses amounting to TWD2.2 billion (US$70 million) during the first three quarters of 2013 despite Q3 period boosting profit by TWD48.5 million.
The sale will help to support losses of the first nine months of the year in a sale price on average of US$2,348/TEU.
It is the second Taiwanese carrier to sell assets following Yang Ming's sale of TWD1.4 billion in a leaseback deal of unspecified number of dry containers.
