For $3 billion, ocean line expands fleet by 250,000 TEUs
Evergreen Marine has finalized an order for 11 24,000-TEU container ships, a $3 billion contract split between builders in China and South Korea.
The order first announced in 2025 was confirmed in a regulatory filing by Hanwha Ocean of South Korea, according to reports, which will construct six megamax vessels, the largest in operation. It marks the shipyard’s first collaboration with Evergreen, the world’s seventh-largest liner with a 5.7% market share, which currently rosters 12 ultra large container vessels (ULCVs) in its fleet.
Guangzhou Shipyard International of China will construct the remaining five vessels, all of which will be equipped for methanol and diesel (dual fuel) power.
Evergreen (2603.TW) has 59 ships totaling 820,000 TEUs on order, most among major liners.
Despite an oversupply of tonnage amid economic uncertainty that has weakened rates, containership orders among global carriers is approaching 9 million TEUs, or 30% of the existing fleet, according to Lloyd’s List.
Read more articles by Stuart Chirls here.
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