Taiwan's Evergreen Plans Mega-Containership Fleet Upgrade

Evergreen Marine Corp, Taiwan's largest container shipping company, plans to charter seven new vessels with capacity of 14,000 twenty-foot equivalent units (TEU) to upgrade its fleet at lower unit costs, while disposing of smaller and older vessels, reports the Taipei Times, .

The seven vessels — owned by Sumitomo Corp, a leading integrated trading company in Japan — are scheduled to be delivered to Evergreen in 2016 and 2017, with a 10-year term of tenancy.

Evergreen launched a plan last year to introduce more large vessels, with the charter of ten container ships with capacity of 13,800 TEUs — built by Hyundai Heavy Industries — from Greek shipowner Enesel SA. Thus far Evergreen has taken delivery of two of the ten vessels since September 2013, with the remaining eight to be delivered in the second half of 2014.

Source: Taipei Times