Taiwan’s Evergreen Marine Corporation has approved a major fleet expansion, ordering 23 new container ships worth up to $1.47 billion in a move that underscores continued confidence in global trade despite ongoing market volatility. Ltd. on January 27, cover seven 5,900 TEU vessels from Jiangsu New Yangzi Shipbuilding and sixteen 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding. The carrier currently operates 239 vessels totaling 1.9 million TEUs, including 162 owned ships and 77 chartered vessels, ranking it seventh globally by capacity, according to Alphaliner. With the newbuildings included, Evergreen’s orderbook now stands at 76 vessels totaling 925,000 TEUs — equivalent to 47.3% of its existing fleet capacity. The orders highlight Evergreen’s strategic emphasis on mid-sized containerships, a segment increasingly favored for its operational flexibility on regional, secondary, and feeder trades.