Evergreen Confirms Orders for Ten 23,000 TEU Megaships

The board of Taiwanese shipping line Evergreen has approved orders for ten 23,000 megaships at three shipyards in South Korea and China.

The company confirmed the orders in a series of stock filings this week. The construction contracts will be split up among three shipyards, including South Korea’s Samsung Heavy Industries, which will build six of the ships, and Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding of China, which will build two vessels each.

Evergreen said the orders have a total value of US$1.4 billion to $1.6 billion, or approximately $140 million to $160 million per vessel.

With the orders, Evergreen is scrapping its previously announced plan to charter up to eleven newbuild vessels of 23,000 TEU capacity.