After announcing recently a mega fleet expansion plan involving 100 vessels, Evergreen Group chairman Y.F. Chang has ordered 10 8,000-TEU container ships from a South Korean builder, as well as considering to order 12 same-class container ships from CSBC Corp., Taiwan. Evergreen is executing fleet expansion when shipbuilding costs are still relatively low.
The direct flights between Taiwan and China motivate Chang to believe the group will generate more profit from air transportation than marine shipping this year.