Evergreen Marine Corp (長榮海運), the only major container line without any vessels on order, will begin talks next month on buying about 100 ships as world trade rebounds from the global recession.
The shipping line intends to order 32 vessels able to hold as many as 8,000 standard 20-foot boxes each, as well as smaller ships, Katherine Ko (柯文玲), a public relations officer, said by phone yesterday.
The ships will mainly replace existing vessels, she said.
Evergreen, Asia’s second-largest container line, last took delivery of a vessel in 2008, as it slowed expansion plans amid a glut in global capacity that contributed to ship prices falling as much as 40 percent last year.
The company is considering orders as the economic revival spurs demand for Asian-made furniture, electronics and clothes in the US and Europe.
“Evergreen is ordering at a good time as ship prices have fallen quite a bit,” said Lee Sokje, a Mirae Asset Securities Co analyst in Seoul.
“Still, having no ships on order means Evergreen hasn’t invested in future growth, so it could lose out to competitors as it awaits delivery slots,” Lee said.
Evergreen will hold talks with shipyards in South Korea, China, Japan and Taiwan, Ko said.
The company and affiliates operate 150 vessels, she said. Delivery dates for the new ships are yet to be decided, she said.
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