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Evergreen on new ship order trail

Close on heels of a recent report that China Ocean Shipping (Group) has placed orders for 10 container ships worth more than US$700 million, including five of the largest to be built in the world, Taiwan-based Evergreen Marine Corporation, is expected to confirm one of the largest containership orders of all time.
 
Market rumours suggest that the Taiwanese giant will order up to 30 ships for as much as US$1bn, something the company has not denied.
 
The company said it was waiting for different shipyards to submit prices.
 
It added the main purpose is to replace our old ships, although nothing can be confirmed at the moment.
 
Reports said Evergreen is looking to buy ships with a capacity of 6,300 TEUs each, something the liner refers to as an S-type, and that the vessels would be deployed on the transpacific.
 
Sources suggest that the orders will be over an eight-year period starting in 2005.
 
Evergreen currently lies fourth in terms of slots down two places from a few years ago and if the company orders a full thirty 6,300 teu ships, that would move up to third, above P&O Nedlloyd, breaching the half million slot mark.
 

               

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