Samsung Heavy Industries to Build the World Largest Containerships for Evergreen

South Korean shipbuilder Samsung Heavy Industries will build six of the world’s biggest containerships for Taiwanese shipping company Evergreen Marine Corporation in a deal worth $920 million. SHI says the ships will measure 400-meters in length by 60-meters wide and with a nominal capacity 23,764 TEU, beating MSC Mediterranean Shipping Company’s record-holding MSC Gülsün, … [Read more...]

Evergreen Confirms Orders for Ten 23,000 TEU Megaships

The board of Taiwanese shipping line Evergreen has approved orders for ten 23,000 megaships at three shipyards in South Korea and China.  The company confirmed the orders in a series of stock filings this week. The construction contracts will be split up among three shipyards, including South Korea's Samsung Heavy Industries, which will build six of the ships, and … [Read more...]

Evergreen Marine, Asia’s Most Dramatic Hot-to-Cold Stock, Slides as China Bet Wanes

By Yu-Huay Sun and Richard Frost (Bloomberg) -- A Taiwanese shipping company is enduring the sharpest swing in fortunes among Asian shares. Evergreen Marine Corp., which operates the region’s second-largest container fleet, surged 39 percent last month in the top performance among members of the MSCI Asia Pacific Index. Behind the euphoria were bets that rising … [Read more...]

More Shipping Lines Suspend Qatar Services

By Jonathan Saul LONDON, June 7 (Reuters) - Taiwan's Evergreen and Hong Kong's OOCL said on Wednesday they had suspended shipping services to Qatar after Arab countries severed diplomatic ties with the Gulf state and imposed port restrictions this week. Saudi Arabia, Egypt and the United Arab Emirates (UAE) are among those to have cut ties with Qatar over its alleged support … [Read more...]

Taiwan Shipping’s Perilous Straits Call for Marriage

By David Fickling (Bloomberg Gadfly) -- While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, many of Asia's shipping lines have remained proudly single. Of the top 15 lines, soon there'll be: 9 Conscious of their status as national champions and contemptuous of rivals' business prowess, Taiwan's Evergreen … [Read more...]