Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates.
On 5th of November, Evergreen unveiled orders for a pair of 24,000TEU ships from Jiangnan Shipyard.
Priced between US$140 million to US$160 million each, the newbuildings are expected to be delivered from 2024 to 2025.
Almost every mainline operator has been expanding shipping capacity, both through newbuildings and second-hand ship purchases, to meet unrelenting demand and congestion in major ports.