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Evergreen to invest $5 billion in methanol-fuelled containerships

Photo: Evergreen Evergreen containership Ever Bliss
Taiwan-based shipping line Evergreen is planning a massive fleet expansion plan and ordering twenty-four 16,000 teu methanol dual-fuelled containerships at a total cost of up to $5 billion.

The order will be split in eight and 16 units between Japan’s Nihon Shipyard and South Korea’s Samsung Heavy Industries, respectively.

Vessel delivery dates are uncertain at the moment as the official contracts with shipyards had not been signed yet, according to Evergreen.

To date, Evergreen operates 214 vessels with a combined capacity of 1.676m teu. The company is expecting to have two new vessels to be delivered this year and twenty-two to be delivered in 2024.

Methanol is increasingly the alternative fuel of choice for containership newbuildings.