Evergreen to order 20 ships in 10 years

Monday, March 20, 2006
Evergreen Marine plans to order at least 20 container ships in the next 10 years to replace existing vessels, according to a Bloomburg report. Purchases of the ships, each able to carry 7,000 20-foot containers, will be open to bids, according to the repot. Prices for ships of this size have risen to $100 million per from $70 million three years ago. A boom in transporting manufactured goods from China and carrying raw materials to the country has fueled demand for new ships. (Source: Bloomberg)

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