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Evergreen to Charter Eleven 18,000 TEU Vessels

Evergreen Group signed time charter agreements with Shoei Kisen Kaisha, Ltd. (Shoei) to charter a total of eleven 18,000 TEU vessels, which include the six units of the same capacity announced by
Evergreen Marine Corp. (EMC) and its subsidiary last December. The charter parties were signed by EMC’s Chairman Mr. Anchor Chang and Shoei’s President Mr. Yukito Higaki. The ships are planned to be delivered from 2018 through 2019.

Evergreen adopts the most advanced shipbuilding technologies and cooperates with Shoei to build the new generation ultra-large containerships. The ship measurements are about 400 meters in length and about 59 meters wide. The ship design incorporates optimized hull profiles and minimum ballast water requirements to maximize cargo carrying capability. The vessels are designed to have lager depth to strengthen hull structure and navigation safety.

In line with the stringent eco-friendly criteria that Evergreen has imposed on its own operation, the ships are equipped with various environmental protection devices and fully comply with the regulations of international maritime agencies. Ship-to-shore real time data transmission system is introduced to enable operation concerned departments on land to monitor navigation statistics and weather condition, analyse the data and take in time action for speed optimization and route planning at sea.

 The capabilities can lower fuel consumption and enhance navigation safety. The ship’s new generation G-type main engine is developed with a longer stroke to operate at lower speeds with capability to reduce fuel consumption and greenhouse gas emission up to 7 % than traditional main engines. Evergreen has taken this investment decision to introduce 18,000 TEU vessels based on market demand and the capacity requirement for joint service. Current service cooperation arrangements with its alliance partners will enable Evergreen to efficiently utilise the capacity and garner the potential economic benefits represented by larger vessels.

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