Ocean carrier Evergreen Marine has put in $1.47 billion worth of orders for 23 new container ships, as the company looks to continue expanding its global fleet.

According to Splash247, the orders include a mix of feeder and mid-size vessels, and will be built at a pair of Chinese shipyards. That will include 16 feeder ships averaging roughly 3,100 twenty-foot-equivalent units, and seven 5,900-TEU post-Panamax ships. The latter category of vessels will cost between $67 million and $82 million each, while the feeders will run Evergreen $46-56 million per ship. 

Evergreen has sought to aggressively grow its fleet of container ships over the last year-plus. In 2025, the carrier booked a $2.8 billion order for 14 LNG dual-fuel vessels averaging 14,000 TEUs each, as well as a $3 billion order for 11 ultra-large 24,000-TEU ships. The company — which currently sits as the seventh largest container carrier in the world — now has 76 vessels in its orderbook, representing nearly half of its current fleet capacity. 

The latest orders add to a wave of new capacity already scheduled to enter the global container fleet over the next several years. Industry data shows that carriers collectively have hundreds of vessels on order, with the bulk of deliveries concentrated in 2026 and 2027. A record 633 ships were ordered in 2025 alone, representing roughly 5.1 million TEUs of capacity and pushing the global container ship orderbook to around one-third of the existing fleet.