Last month’s revenue was up 59 percent from a year earlier and 3.4 percent higher than a month earlier, the company said. Evergreen said it plans to receive four new vessels with 24,000 TEUs each by the end of this year. However, falling freight rates lowered its annual revenue growth in the second quarter after the previous quarter’s 92 percent increase. Average freight rates for small and medium-sized vessels slid in the second quarter, as the war in Ukraine disrupted supplies of grains and raw materials. The recovery being slower than expected in China’s manufacturing activities also weighed on freight rates, it added.
