Evergreen’s order for 24 Methanol fuelled vessels confirmed

Chamber of Shipping > Blog > News > International > Evergreen’s order for 24 Methanol fuelled vessels confirmed

Taiwan’s Evergreen Marine confirmed orders worth up to $5 billion for 24 methanol-enabled, dual-fuel 16,000-TEU container ships. The orders have been divided between South Korean and Japanese shipyards. With this capacity expansion, Evergreen will surpass Hapag-Lloyd and become the world’s fifth-largest container line, with a fleet totalling more than 2 million TEU. South Korea’s Samsung Heavy Industries will build 16 vessels valued at up to $3.4 billion, while Japan’s Nihon Shipyard Company will construct eight ships worth up to nearly $1.7 billion. The delivery dates for these vessels have not been specified, but they are expected to join Evergreen’s fleet from 2026 onwards. The order contributes to the increasing backlog of methanol-powered container ships, which currently account for approximately 12% of vessels on order. Other companies, such as Maersk and Greek shipowner Danaos Shipping, have also placed orders for methanol-fuelled container ships recently.

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