TAIWAN's Evergreen Marine has ordered eleven new 24,000-TEU ships, reports Genoa's Informarine.

Five will be built at the Guangzhou Shipyard International (GSI), a unit of the China State Shipbuilding Group Corporation (CSSC), and six from South Korea's Hanwha Ocean Co.

Evergreen also revealed that each ship from the Chinese yard will cost between $265 million and $295 million.

Evergreen also announced receiving $1.3 billion in January revenue, an increase of 49 per cent year on year.

Evergreen's orderbook is now at 821,423 TEU, making it the fifth-largest, behind MSC, CMA CGM, Cosco and Maersk.

The newbuilds will join a dozen 24,000 TEU ships already in the Evergreen fleet. While no delivery dates were confirmed, Alphaliner believes they won't begin before 2028, as the major shipyards are mostly fully booked for the next two years.