Evergreen splits US$3 billion vessel order between South Korea and China

Taiwanese container shipping company Evergreen has placed a major order for 11 LNG dual-fuel container vessels, each with a capacity of 24,000 TEUs.

Evergreen has split its order between South Korea’s Hanwha Ocean (six vessels) and China’s CSSC Guangzhou Shipyard International (five vessels).

According to Dynamar, the deal is worth between US$2.9 billion and US$3.2 billion.

The consultancy described the switch to LNG as “a significant change of plan,” as Evergreen’s previously ordered vessels feature methanol dual-fuel propulsion.

“Some other carriers have made the same switch—Maersk in particular—due to a lack of green methanol,” noted Dynamar.

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