Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships

Evergreen Expands Fleet with $2.8 Billion Order

Taiwan’s Evergreen Marine Corporation is making a significant move in the shipping industry by announcing a fleet expansion that includes 14 new LNG dual-fuel vessels. The orders are split evenly between Guangzhou Shipyard International in China and Samsung Heavy Industries in South Korea. This ambitious project is estimated to cost around $2.8 billion, with each ship priced at approximately $200 million. The new vessels are expected to be delivered between 2028 and 2030, marking a notable step forward for one of the world’s largest container carriers.

Strategic Expansion and Future Growth

Evergreen, currently ranked as the seventh-largest container shipping company globally, is on track to exceed a fleet capacity of 2 million twenty-foot equivalent units (TEUs) for the first time. This latest order follows a contract signed in February 2024, where Evergreen secured 11 LNG dual-fuel ships with a larger capacity of 24,000 TEUs. The orders are part of Evergreen’s strategy to modernize its fleet while also committing to more environmentally friendly fuel options.

The decision to split the orders between Chinese and South Korean shipbuilders reflects Evergreen’s intent to leverage the strengths of both regions. Guangzhou Shipyard International (GSI) is well-known for its expertise in constructing large vessels, while Samsung Heavy Industries brings advanced technology and innovation to the table. This collaboration not only diversifies Evergreen’s supply chain but also enhances its competitive edge in the rapidly evolving shipping market.

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As global shipping demands continue to grow, Evergreen’s proactive approach in expanding its fleet positions the company to meet future challenges head-on. With LNG-powered vessels gaining traction for their reduced environmental impact, Evergreen is aligning itself with industry trends and regulatory pressures aimed at sustainability. The upcoming delivery of these vessels will further bolster its operations and capacity to serve customers efficiently in the years to come.

 

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