Corp is to continue using “megaships” — vessels with more than 20,000
twenty-foot equivalent units (TEU) of capacity — on its European routes,
despite a Suez Canal incident, the container shipper said recently.
uses two kinds of vessels on its Europe routes, six with capacity of 14,000
TEUs and 11 with 20,000 TEUs.
All of its 20,000 TEU vessels are owned by Japan-based Shoei Risen
The MV Ever Given,
a 20,000 TEU Panama-flagged ship, last month blocked the canal for six days
after becoming lodged on a bank. All of its 20,000 TEU vessels are owned by
Japan-based Shoei Risen Kaisha Ltd, Evergreen Marine told an investors’
conference in Taipei, adding that it has chartered the Ever Given.
president Eric Hsieh said that the company would not only continue using the 11
mega vessels on routes from Asia to Europe, but would also replace its 14,000
TEU vessels with new 24,000 TEU vessels within the next few years in a bid to
Changing to 24,000 TEU vessels would make us invincible
“If we continue
using the 14,000 TEU ships in Europe, we will get beaten, as our rivals use
bigger vessels,” Hsieh said. “Changing to 24,000 TEU vessels would make us
invincible, as that is the largest ship in the market.”
in 2019 assigned three shipbuilders — Samsung Heavy Industries Co,
Hudong-Zhonghua Shipbuilding (Group) Co and Jiangnan Shipyard (Group) Co — to
build 10 24,000 TEU vessels, costing a combined US$16 billion, company data
The company would
receive the first of the vessels in the second half of this year, a company
official told the Taipei Times.
The firm has an upbeat outlook for the rebound in cargo demand this
vessels helps shippers reduce fuel costs per unit and enhance profit margins,
if the ships are fully loaded, Evergreen Marine said. The firm has an upbeat
outlook for the rebound in cargo demand this year in light of economic
recoveries worldwide, it said.
“When some people
saw the Ever Given, they saw a stuck vessel in the canal, but I saw a vessel
fully loaded,” Hsieh said.“You should know that March is usually a light season
for sea cargo business,” he said. Evergreen Marine is not responsible for Ever
Given blocking the Suez Canal, as the owner is in charge of the vessel, Hsieh
It is Evergreen Marine’s
responsibility to ensure the safety of the goods, but the company does not
guarantee clients regarding arrival time, as there are too many variables, he
said, adding that the company’s risk exposure from the incident is low and
insurance would cover losses.
Apart from the
Ever Given, 11 other Evergreen Marine vessels were affected by the blockage, he
Three turned south to sail
around the Cape of Good Hope, while eight were waiting to sail through the
canal, he said.