Evergreen Orders 11 Megamax Ships in $3B Fleet Expansion Deal

Key Details Evergreen Marine has locked in a $3 billion contract for 11 ultra-large 24,000-TEU container vessels, splitting the order between Hanwha Ocean in South Korea (6 ships) and Guangzhou Shipyard International in China (5 ships). The megamax vessels represent the largest containerships in operation and mark Hanwha's first build for the world's seventh-largest ocean carrier. Fleet Growth Strategy All five Chinese-built vessels will feature dual-fuel capability for methanol and diesel operations, positioning Evergreen for cleaner maritime operations. The order expands Evergreen's existing fleet of 12 ultra-large container vessels and adds to the carrier's massive 59-ship order book totaling 820,000 TEUs - the largest among major global liners. Why It Matters Evergreen's aggressive expansion occurs despite industry oversupply concerns and weakened freight rates. Global containership orders have reached approximately 9 million TEUs, representing 30% of the existing fleet, according to Lloyd's List. For trucking professionals, this massive capacity injection signals potential long-term pressure on freight rates and increased intermodal competition as ocean carriers expand their ability to move cargo.