Evergreen net profit hits $1.85b, orders seven LNG dual-fuel newbuilds

Taiwan's Evergreen Group places $3b order for 11 containerships
Rendering of an Evergreen vessel
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Taiwanese shipping group Evergreen Marine Corporation (EMC) has announced its consolidated financial report for the first nine months of 2025, reporting a net profit attributable to owners of the parent company of NT$60.06 billion ($1.85 billion). The report was approved by the company's board of directors and audit committee on November 12, 2025.

For the period from January 1 to September 30, 2025, the company recorded total operating revenue of NT$293.38 billion and an operating income of NT$65.80 billion. Profit before tax for the period was NT$72.32 billion, resulting in a basic earnings per share of NT$27.74.

As of the end of the third quarter, the company's total assets stood at NT$847.15 billion, with total liabilities of NT$284.91 billion.

On the same day, the board also approved a resolution for the company's subsidiary, Evergreen Marine Asia, to acquire seven new 14,000 TEU container vessels equipped with LNG dual-fuel propulsion.

The vessels will be acquired from South Korean shipbuilder Samsung Heavy Industries. The unit price for each ship is between $175 million and $205 million, making the total transaction price for the seven newbuilds between $1.225 billion and $1.435 billion.

The company stated the acquisition is for "operational purposes" and was decided through price negotiation based on current market prices.

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