Evergreen Confirms Newbuilding Project Worth $1.6 Billion

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  • Evergreen has announced plans to build ten 23,000 TEU containerships valued between $1.4bn and $1.6bn.
  • In August, the company announced it scrapping plans and to charter up to 11 mega boxships.
  • It has an order book of 58 ships with a total capacity of 336,544 TEU, accounting for 25.8% of its existing fleet capacity.

According to an article published in Splash247, Taiwanese line Evergreen has confirmed a major new building project involving the construction of ten containerships.

Newbuild orders

The project involves the construction of ten 23,000 TEU containerships at three shipyards, scrapping plans announced last month to charter up to 11 mega boxships.

The company will order six ships at South Korean yard Samsung Heavy Industries, and two ships each at China’s Jiangnan Shipyard and Hudong Zhonghua Shipbuilding. The total value of the orders is between $1.4bn and $1.6bn.

Fleet expansion on the horizon

Evergreen said the decision was made after further evaluation of fleet expansion plans and the company believed that the newbuilding orders would further accelerate the fleet optimization.

The new ships will be the largest ships in Evergreen’s fleet and they will be deployed on routes to Europe and West America.

Evergreen’s fleet strength

According to Alphaliner, Evergreen currently operates a fleet of 206 ships with a total capacity of 1.3m TEU, making it the seventh-largest liner in the world. The company also has an order book of 58 ships with a total capacity of 336,544 TEU, accounting for 25.8% of its existing fleet capacity.

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Source: Splash247

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