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Evergreen postpones 60 newbuildings

The Maersk Line competitor Evergreen has put its construction of 60 medium-small size container ships on hold. Thereby, the shipping company reacts to the comprehensive overcapacity in the market even though the Taiwanese shipping company still plans to build giant container ships, Sino Ship news reports.

Photo: APM Terminals

Evergreen has stalled on it plans to take delivery of 60 medium-small size container ships. The shipping company will not take delivery of the ships until the expansion of the Panama Canal has finished in 2015, Sino Ship news reports.

Vice President in Evergreen, Bronson Hsieh predicts that the number of container ship newbuildings will grow by 10 percent next year and he expresses a wish that shipping companies will make a bigger effort in order to control the capacity instead of ordering new ships and thereby overwhelm the market with capacity.

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