Evergreen Marine Corp, one of the world’s leading container shipping companies, has announced a major $2.5 billion fleet expansion plan, strategically dividing orders between Chinese and South Korean shipyards. This move underscores Evergreen’s commitment to maintaining its competitive edge in the global container shipping market while mitigating supply chain risks.
Key Highlights of the Deal
- Contract Value: $2.5 billion
- Shipyards: Orders split between China and South Korea
- Delivery Timeline: Expected between 2028–2029
- Fleet Purpose: Enhance capacity, improve fuel efficiency, and meet environmental regulations
Why Evergreen Chose China and South Korea
Evergreen’s decision to diversify its shipbuilding contracts reflects a risk management strategy. By engaging both Chinese and South Korean yards, the company:
- Reduces dependency on a single supplier
- Avoids potential geopolitical disruptions
- Secures timely delivery amid global shipyard capacity constraints
Impact on Global Shipping
This investment comes at a time when container shipping faces:
- Rising demand for efficient, eco-friendly vessels
- Stricter environmental regulations, pushing carriers toward greener fleets
- Intense competition among top global carriers like MSC, Maersk, and CMA CGM
Evergreen’s new vessels will likely feature advanced fuel-saving technologies and lower emissions, aligning with IMO 2030 decarbonization goals.
Benefits for Shipbuilders
- Chinese yards strengthen their position in the global shipbuilding market
- South Korean yards, known for high-tech shipbuilding, secure lucrative contracts
This dual approach boosts order books for both nations and reinforces their dominance in the container ship segment.
Conclusion
Evergreen’s $2.5 billion investment signals confidence in long-term trade growth and sustainability. By splitting orders between China and South Korea, the company ensures resilience, efficiency, and compliance with future environmental standards.
General Particulars 15,000 TEU class and 24,000 TEU ULCS:
| Feature | 15,000 TEU Class | 24,000 TEU ULCS |
|---|---|---|
| LOA (Length Overall) | ~366–400 m | >400 m |
| Beam | ~51–61 m | >61 m |
| Draft | ~15–16 m | >16 m |
| Capacity | 15,000 TEU | 24,000 TEU |
| Fuel Options | VLSFO / LNG-ready | LNG dual-fuel |
| Speed | ~22 knots | ~22 knots |
| Deployment | Flexible global routes | Asia–Europe mainline |
Engine Specs Summary of the 15,000 TEU:
- Main Engine: MAN B&W 11G95ME-C9.5 (or equivalent)
- Power Output: ~65,000 kW
- Engine Type: 2-stroke, slow-speed
- Fuel Options: VLSFO, LNG-ready
- Specific Fuel Consumption: ~165 g/kWh
- Daily Fuel Consumption: ~180 tons/day at 22 knots
- Auxiliary Engines: 4 × 3,000 kW generators
Evergreen Marine Corporation
Founded in 1968 by Dr. Yung-Fa Chang, it is a leading global container shipping company headquartered in Luzhu District, Taoyuan City, Taiwan. As part of the Evergreen Group, the company operates one of the world’s largest fleets, with over 200 full-container vessels and a combined capacity exceeding 1.8 million TEU, serving more than 240 ports across 80 countries. Evergreen holds a strong position in the global market with approximately 5.7% share and continues to expand through an ambitious orderbook of around 50 new vessels, adding over 756,000 TEU in capacity. Throughout its history, Evergreen has been a pioneer in containerization, launching Taiwan’s first container service in 1975 and introducing the industry’s first bi-directional round-the-world liner service in 1984. Today, the company offers comprehensive services including container shipping, terminal operations, logistics, and equipment leasing, while maintaining a strong commitment to sustainability and innovation. Evergreen invests heavily in eco-friendly fleet renewal, innovative ship technologies, and compliance with IMO environmental standards, aiming to achieve net-zero emissions by 2050.
The Maritime-Hub Editorial Team
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official policy or position of Maritime-Hub. Readers are advised to research this information before making decisions based on it.
