Evergreen deepens feeder bet with US$1.47bn newbuild order as orderbook risks mount
Taiwanese carrier orders 23 mid-sized vessels from Chinese yards, lifting its orderbook above 30% of fleet capacity as global container ship supply pressures intensify
Evergreen Marine has committed up to US$1.47bn to 23 new container vessels at Chinese shipyards, deepening the Taiwanese carrier’s bet on feeder and mid-sized tonnage as the global orderbook approaches levels that triggered a decade-long supply overhang after 2008.
The order, announced on 27 January, comprises 16 vessels of 3,100 teu from Huangpu Wenchong Shipbuilding, priced between US$736m and US$896m, and seven ships of 5,900 teu from New Yangzi Shipbuilding, valued at US$469m to US$574m. Delivery dates were not disclosed.
The investment follows a strong financial position built on exceptional recent profitability. Q1 2025 results showed operating profit up 87% year-on-year to approximately US$890m, with net profit rising 53% to US$850m. Revenue grew 24% to US$3.3bn.
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