Evergreen president Eric Hsieh said at a recent conference that several container ports, especially in the US West Coast, are congested, and the situation is difficult to alleviate. This, and the slow return of empty containers, ensures that equipment demand still exceeds supply. Expecting the equipment shortage to persist until the traditional peak season in Q3, Hsieh said that Evergreen expects "good results this year" as freight rates on the Transpacific and Asia-North Europe continue to set new highs.