Business

Evergreen eyes growth

Evergreen eyes growth

By Agence France Presse

TAIPEI: Taiwan’s Evergreen Group on Friday ordered 10 containerships from Japan’s largest shipbuilder, the second similar deal in a month, as it eyes trade growth potential from a planned regional trade bloc. The order with Japan’s Imabari Shipbuilding brought to 20 the number of 2,800-TEU (20-foot equivalent) B-type container vessels Evergreen has ordered in a month. The world’s fourth largest shipping firm signed a similar contract with Taiwan’s CSBC Corp last month. No exact value of the two deals were revealed, but according to a stock filing to the Taiwan Stock Exchange by Evergreen, each vessel is to cost at least $36 million, the combined value of the two deals estimated to be at least $720 million.