Shipping Lines : Evergreen Marine Corporation orders 24 container ships as newbuilding market sizzles
The new building contract was signed by Evergreen’s Singapore-incorporated subsidiary, Evergreen Marine (Asia) Pte Ltd.
The vessel design will fit in with the International Maritime Organisation’s new emission regulations that will be effective from 2023. It is thought that the regulations will cause older ships to be phased out.
Linerlytica analyst Tan Hua Joo said that as freight rates stay historically high and shipyards hike prices to take advantage of demand, liner operators and non-operating ship owners will rush to order vessels to stay ahead of rising newbuilding prices, which have more than doubled from last year.
Evergreen ordered twenty 15,000 teu ships from Samsung Heavy Industries (SHI) in March and two 24,000 teu ships from Hudong-Zhonghua Shipbuilding in June. The company also has four 24,000 teu ships on order at Jiangnan Shipyard (Group), due for completion in 2022.
Up to the end of this year, Evergreen will take delivery of three 24,000 teu ships from SHI and one feeder ship from Hyundai Mipo Dockyard.
Evergreen, now the seventh-largest liner operator, has a total operating capacity of 1.39m teu, comprising 116 owned ships and 87 chartered vessels.
Source: The Loadstar
