Evergreen Marine Corp (EMC) is poised to overtake Hapag-Lloyd as the fifth largest liner operator, having finalised orders for two dozen methanol dual-fuelled 16,000 teu newbuildings.

In filings to the Taiwan Stock Exchange last night, the Taiwanese liner operator said that its Singapore-registered subsidiary, Evergreen Marine (Asia) has ordered 16 of the ships from Samsung Heavy Industries in South Korea, while the other eight ships will be built by Japan’s Nihon Shipyard.

EMC said that the total contract value ranges from $4.32bn to $5.04bn, working out to $180m to $210m per vessel.

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