Taiwan's Evergreen has inked a charter contract for 13,800-teu containership newbuildings after months of negotiations with shipyards and potential tonnage providers.
An Evergreen spokesperson confirmed that a long-term charter contract had been signed with Korea Development Bank subsidiary Korea Infrastructure Investments Asset Management for 10 units.
Kiamco will raise the finance and Hyundai Merchant Marine will provide the technical expertise and manage the ships, which are expected to be built by Hyundai Heavy Industries.
The price agreed for the vessels is said to be less than $115m apiece. Delivery of the 13,800-teu ships is expected to start in the fourth quarter of 2013.
“Evergreen Line is strengthening its co-operation with strategic partners,” the company said in a statement.
“Based on the tonnage demand needed to launch joint services with vessels of similar sizes, Evergreen Line decided to charter the gigantic vessels. With the delivery of these new ships, Evergreen Line will concurrently return chartered vessels upon their expiration dates.