The company’s board of directors have approved the plan on Monday and believed that the use of larger sized boxships will enhance the line’s operating performance and help to meet stringent requirements for environmental protection by lowering fuel use and emissions.
“In order to optimize its competitiveness, the company is planning to take advantage of economies that the latest shipbuilding technology and design affords and introduce these ships of 18,000 teu to Evergreen Line’s operating fleet.
“The line believes that the terms of the CKYHE alliance’s service cooperation will enable it to utilize the capacity of these vessels efficiently, to reduce unit operating costs and to produce the maximum economic benefit from its fleet,” Evergreen said in a statement.
The CKYHE alliance includes Cosco, K Line, Hanjin Shipping and Yang Ming Marine.
Evergreen has yet to select the shipowners to provide the 18,000 teu containerships.
“Once more these newly chartered ships will be part of Evergreen’s long-term fleet renewal program and, as such will be replacing existing vessels on charter, which will be redelivered when the agreed terms of their charters expire,” it commented.
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