Evergreen Extends Feeder and Mid-Size Ordering Wave
January 28, 2026
Evergreen Marine has disclosed a new two-part newbuilding programme covering 23 container ships, with capex guidance up to about $1.47 billion. The package is split between seven 5,900 TEU ships contracted at Jiangsu New Yangzi Shipbuilding and sixteen 3,100 TEU ships contracted at CSSC Huangpu Wenchong, reinforcing near to mid-term supply visibility in the feeder and mid-size bands.
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Evergreen newbuild approvals in one read
Evergreen has disclosed approvals for 23 container newbuildings with capex guidance up to about $1.47bn. The programme is split into two blocks: 7 ships of 5,900 TEU and 16 ships of 3,100 TEU, associated with two different Chinese yards, with value ranges published for each block.
- 7 ships of 5,900 TEU with guidance about $469m to $574m for the block.
- 16 ships of 3,100 TEU with guidance about $736m to $896m for the block.
- The combined capex guidance is up to about $1.47bn for 23 ships.
Bottom Line Impact
The disclosure adds to forward visibility of additional feeder and mid-size container capacity and provides a current pricing reference point for those size bands.
The disclosure adds to forward visibility of additional feeder and mid-size container capacity and provides a current pricing reference point for those size bands.
Evergreen container newbuilds
23 ships disclosed, capex guidance up to about $1.47bn
| Reader shortcut | Newbuild package | Capex range disclosed | Likely network fit | Market read-through |
|---|---|---|---|---|
| Two-block order shape |
23 ships split across two size bands and two yards.
A feeder-heavy add plus a mid-size tranche.
|
Up to about $1.47bn total.
As disclosed in company announcements.
|
Covers shortsea and regional relay, plus mid-size deployment flexibility. | Keeps forward supply pressure focused below the ultra-large segment. |
| Mid-size tranche | 7 ships at 5,900 TEU, contracted at Jiangsu New Yangzi Shipbuilding. | About $469m to $574m total for this block. | Asia regional trunks, secondary east-west strings, and network balancing where port limits cap larger units. | A visible commitment that mid-size economics still pencil at current yard pricing. |
| Feeder tranche | 16 ships at 3,100 TEU, contracted at CSSC Huangpu Wenchong. | About $736m to $896m total for this block. | Intra-Asia, regional Europe feeders, and hub-spoke fill where frequency matters more than sheer TEU. | Reinforces that the feeder band remains a core battleground for schedule density and network reach. |
| Unit-cost signal | Order guidance implies mid-size and feeder pricing bands remain elevated versus pre-2021 norms. |
Feeder block works out to roughly mid-$40m to mid-$50m per ship range.
Implied by the disclosed block totals.
|
Encourages operators to sweat utilization and port turn performance to protect slot economics. | A benchmark datapoint for owners evaluating replacement versus life-extension in similar sizes. |
| Timing visibility | Disclosed as new orders rather than options or tenders, pointing to committed capacity additions. | Value ranges published alongside the approvals. | Feeders and mid-size deliveries typically land into the near to mid-term fleet planning window. | Adds confidence to the “more ships coming” narrative in the regional bands, even if demand is uneven. |
Evergreen adds another major container newbuild wave
Deal snapshot
Total ships
23
Total capex guidance
Up to about $1.47bn
5,900 TEU block
7 ships, guidance about $469m to $574m
3,100 TEU block
16 ships, guidance about $736m to $896m
Values shown are the ranges published with the approvals for each block.
Order mix visual
Share of ships by size band.
Yard placement
- 7 ships of 5,900 TEU associated with Jiangsu New Yangzi Shipbuilding.
- 16 ships of 3,100 TEU associated with CSSC Huangpu Wenchong.
Implied averages
Avg per ship, 5,900 TEU block
$67m to $82m
Avg per ship, 3,100 TEU block
$46m to $56m
Averages are block totals divided by ship count.
Quick capex math tool
Plug in totals to compute average capex per ship for the package.
Output: averages
Avg per ship (low): –
Avg per ship (high): –
Enter totals and calculate.
Bottom Line Impact
A 23-ship programme in feeder and mid-size bands adds further forward visibility of new capacity in the regional segments where frequency and network reach matter, and it provides a fresh pricing reference point for these sizes based on the disclosed value ranges.
A 23-ship programme in feeder and mid-size bands adds further forward visibility of new capacity in the regional segments where frequency and network reach matter, and it provides a fresh pricing reference point for these sizes based on the disclosed value ranges.
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