News / Evergreen chief admits carrier may have gone overboard on newbuildings

© Marion Meyer

Evergreen Marine Corp president Eric Hsieh has acknowledged that the company’s recent order for two dozen 16,000 teu methanol-fuelled ships may “be too much”, as the Covid-fuelled boom is over and liner operators are no longer making money every day.

On Friday, Mr Hsieh said the supply-demand imbalance would continue and 2024 would be challenging.

He also said methanol-propelled ships “did not mean zero emissions”, and Evergreen could explore hydrogen-powered ships, though this would be some time away.

Evergreen operates 213 ships, of ...