Evergreen Marine, Hyundai Oilbank staff get up to 52-months bonus
Add BT as a preferred source
TAIWANESE container line Evergreen Marine and South Korean refinery Hyundai Oilbank have rewarded their staff with eye-popping bonuses after a banner year.
Shipping publication TradeWinds reported that Evergreen Marine employees have received bonuses worth between 10 and 52 months of salary in 2022 as the global shipping industry enjoyed an upturn due to pandemic-induced e-commerce boom and supply chain disruptions.
Freight rates skyrocketed in 2021 and remained elevated in the first half of 2022, sending liners’ profits to record levels. Evergreen Marine posted a net profit of NT$304.4 billion (S$13.3 billion) in the first nine months of last year, up 92 per cent year on year, reported TradeWinds.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
