Evergreen and COSCO Expand Fleet with New Vessel Orders

11,000 TEU ships at Shanghai Waigaoqiao Shipbuilding . Concerns about the surge in TEU capacity from Asian shipyards have led liner CEOs to curb ordering in recent months. Linerlytica data indicates that the containership fleet capacity currently stands at 29.37 million TEU, expected to surpass 30 million TEU by June due to record newbuild deliveries. Alphaliner's report reveals a record 50 new ships delivered last month, adding a substantial 333,000 TEU in capacity. This surpasses the entire fleet capacity of Pacific International Lines (PIL), the world’s 12th largest liner, highlighting the scale of recent developments in the shipping industry.