Evergreen to spend up to $1.47 billion on LNG-fueled containership order in China

According to a filing with the stock exchange, Evergreen’s board has approved an order for five LNG dual-fuel containerships with a capacity of 24,000 teu.

China’s Guangzhou Shipyard International (GSI) will build these vessels.

Evergreen said the container vessels will each cost between $262 million and $295 million.

This put the total price between $1.31 billion and $1.475 billion.

Evergreen did not provide further details.

In November last year, Evergreen confirmed an order for 14 LNG dual-fuel container vessels, each with a capacity of 14,000 teu.

South Korea’s Samsung Heavy Industries and GSI will build these vessels worth up to $2.87 billion.

Prior to this order, GSI also won an order for five LNG dual-fuel vessels, along with the first batch of Hanwha vessels.

The February 2025 order was the first order for LNG dual-fuel vessels for Evergreen, which has previously mainly focused on ordering methanol-powered ships.

Most recently, Evergreen Marine announced that it will spend up to $1.77 billion on a new order for six LNG dual-fuel container vessels at South Korea’s Hanwha Ocean.

These six vessels also have a capacity of 24,000 teu.