Evergreen Orders 23 New Container Ships Worth $1.47bn

An Evergreen container ship being loaded in port
Corporate News Shipping Asia
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Updated Published

Taiwanese liner operator Evergreen is continuing its long-term fleet expansion strategy with new orders for 23 container ships valued at up to $1.47 billion.

The latest newbuilding program includes a combination of feeder and mid-sized vessels and will be divided between two Chinese shipyards: CSSC Huangpu Wenchong Shipbuilding and Jiangsu New Yangzi Shipbuilding, part of the Yangzijiang group.

Through its subsidiary Evergreen Marine Asia, the carrier has placed orders for 16 feeder ships of approximately 3,100 teu at CSSC Huangpu Wenchong, along with seven 5,900 teu post-panamax vessels at Yangzijiang Shipbuilding.

Stock exchange filings show that the 5,900 teu ships are priced between $67 million and $82 million each, bringing the seven-unit contract to an estimated value of $469 million to $574 million. The feeder vessels carry price tags ranging from $46 million to $56 million per ship, putting the 16-ship deal between $736 million and $896 million.

Together, the two contracts bring the total value of the program to as much as $1.47 billion, although delivery schedules have not been announced.

The new orders follow Evergreen’s major fleet investment decisions in recent years. In October, the company split a separate expansion program between shipyards in China and South Korea, ordering 14 LNG dual-fuel 14,000 teu vessels. That deal, worth around $2.8 billion, was evenly divided between Guangzhou Shipyard International and Samsung Heavy Industries, with deliveries expected from 2028 to 2030.

Earlier in 2025, Evergreen also confirmed orders for 11 ultra-large 24,000 teu container ships at Hanwha Ocean and CSSC Guangzhou Shipyard International. That program was valued between $2.91 billion and $3.25 billion.

Evergreen currently ranks as the world’s seventh-largest container shipping line. Prior to the latest contracts, the company operated a fleet of roughly 240 container vessels, with more than 50 additional newbuildings already on order for delivery in the coming years.