China and South Korea Share Evergreen’s LNG Boxship Bonanza

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Evergreen Marine has approved the purchase of 14 LNG dual-fuel container ships of about 14,000 TEU, splitting the order evenly between Samsung Heavy Industries in South Korea and Guangzhou Shipyard International in China, reports Port News.

Evergreen Marine divides LNG boxship orders

Board resolutions filed via Taiwan’s market disclosure system show a unit price of USD 175–205 million per vessel, putting each seven-ship tranche at USD 1.225–1.435 billion.

The filings state that the contracts are placed by Evergreen Marine (Asia) Pte. Ltd., an Evergreen subsidiary. The documents do not specify delivery windows or detailed technical specs beyond LNG dual-fuel capability.

Including this deal, Evergreen’s newbuilding backlog stands at 59 ships totaling almost 900,000 TEU, reinforcing ties with both Samsung Heavy and GSI. This year’s order follows Evergreen’s early-2025 program for eleven 24,000-TEU LNG dual-fuel vessels split between Hanwha Ocean and GSI, a package disclosed at USD 265–295 million per ship.

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Source: Port News