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2010 September 29   06:59

Samsung Heavy wins $1 bln ship order from Evergreen Marine

Evergreen Marine Corp., Taiwan's largest shipper, said Tuesday that it will build 10 ships as part of its efforts to expand the company's fleet.

Evergreen Marine said it has commissioned South Korea's Samsung Heavy Industries Co. to build the ships, each of which will have a cargo capacity of 8,000 twenty-foot equivalent units (TEUs) , for a total of US$1.03 billion.

Seven of the vessels will be owned by Evergreen Marine and the three others will belong to the wholly owned Panama-based Evergreen International S.A. The delivery of the 10 ships will begin from 2013.

It is the second order placed by Evergreen Marine this year after the shipper commissioned Samsung to built 10 other ships, delivery of which will start from 2012 and be completed in two years.

The company said the new ships will be installed with energy efficient electrical equipment that will cut air pollution when the ships are arriving or embarking from ports.

Currently, Evergreen Marine has 162 vessels, 80 of which are self-owned and 82 of which are rented.

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