Evergreen may invest in Chinese shipyard

Evergreen Group, parent of Taiwan’s biggest shipping line, may invest in a Chinese shipbuilder to accelerate delivery of new vessels. The company “is looking for opportunities overseas” and “China is one of the options,” Nieh Kuo-wei, a company spokesman, said. Possible locations for the venture include Guangzhou in China’s southern province of Fujian.

Evergreen’s largest unit plans to order at least 20 containerships in the next decade to replace existing vessels.