Ever Given’s Operator Orders 20 New Ultra-Large Ships at Samsung Heavy Industries

Taiwanese container shipping company Evergreen Marine Corporation has confirmed an order for 20 more ultra-large containerships at Samsung Heavy Industries as salvors continue to try to refloat the Evergreen-chartered MV Ever Given from the Suez Canal.

As we reported on March 23 just prior to grounding, Evergreen had shortlisted a handful of shipyards to construction the vessels. A new stock filing today confirms that Evergreen has selected South Korea’s Samsung Heavy Industries to build all twenty of the ships.

The order was previously approved by the Board of Directors of Greencompass Marine SA, a Panamanian subsidiary of EMC

The twenty ships are anticipated to cost between $115 million and $130 million each for a total value of up to $2.6 billion.

According to Alphaliner, Evergreen Line is the world’s seventh-largest ocean carrier with 1.3 million TEU capacity representing over 5% of the global share. The newbuild order will add 300,000 TEU capacity to its fleet.

In an update on the Ever Given situation, Evergreen said it was working with the shipowner to resolve the situation as soon as possible.

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