Evergreen Marine seals deals for 23 new box ships

Evergreen Marine Corp announced that its Singapore-based subsidiary, Evergreen Marine, has approved an order for 16 3,100-TEU container ships. 

The vessels will be built by China’s CSSC Huangpu Wenchong Shipbuilding Co Ltd for between US$46M and US$56M per ship, bringing the total contract value to a range of US$736M to US$896M.

Evergreen Marine has inked another contract for seven 5,900-TEU container ships. The vessels will be built by China’s Jiangsu New Yangzi Shipbuilding Co Ltd for between US$67M and US$82M, bringing the total transaction value to approximately US$469M to US$574M.

This comes on the back of orders for LNG dual-fuel box ships by the carrier last year. Evergreen ordered 11 24,000-TEU container ships split across two shipyards. Five will be built by Chinese shipyard Guangzhou Shipyard International Co of China State Shipbuilding Group Corp, and the remaining six at South Korea’s Hanwha Ocean Co.

The order to the Chinese company has a total value of between US$1.3Bn and US$1.5Bn, and that to the South Korean company between US$1.6Bn and US$1.8Bn. Deliveries are expected to start around 2028.

In 2024, Evergreen struck a contract for a series of 18 2,400-TEU feeder ships propelled by dual-fuel methanol. HD Hyundai Heavy Industries Engine & Machinery Division has signed a contract to provide 18 H22CDF-LM methanol dual-fuel HiMSEN engines for Evergreen’s ships, being built at Huangpu Wenchong Shipbuilding.