Thursday , 19 September 2019
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Evergreen to charter 11 ULCVs

Evergreen Group has signed time charter agreements with Japanese ship-owner Shoei Kisen Kaisha for 11 ultra-large container vessels (ULCVs), each with a capacity of 18,000 teu.

The ships, which are scheduled to be delivered from 2018 to 2019, are 400 m long, 59 m wide and feature an optimised hull profile design plus minimum ballast water requirements to maximise cargo capacity.

The Taiwan-based company issued a statement saying that the investment was based on “market demand” and “capacity requirements” for joint services.

As part of the CKYHE alliance with Cosco, “K” Line, Yang Ming and Hanjin Shipping, Evergreen believes that “current service cooperation agreements” will enable it to “efficiently utilise” the increased capacity.

The ULCVs’ new generation G-type main engine is developed with a longer stroke to operate at lower speeds, thereby potentially reducing fuel consumption and greenhouse gas emissions by up to 7 % compared to traditional main engines.

The vessels have a deep design to strengthen the hull structure and improve navigational safety while also meeting the regulations of international maritime agencies.

An additional feature is a ship-to-shore real time data transmission system to enable the monitoring of navigation statistics, weather conditions, speed and route planning.

To meet “continuing demand growth”, Evergreen expects to complete the ongoing delivery of 30 8,500 teu L type vessels this year in addition to another ten chartered 14,000 teu units to be delivered in 2016/7.

With recent deliveries of five 8,800 teu and ten 13,800 teu chartered vessels, the company will have acquired 66 ships within the medium to ULCV size range by 2019.