Taiwan’s Evergreen has revealed it is spending up to $390m on 10 containerships ordered earlier this year.

Company subsidiaries said in statements to the Taiwan Stock Exchange that Imabari in Japan will build five 2,800-teu vessels for between $36m and $39m each.

CSBC in Taiwan will also hand over five 2,800-teu units for the same price.

Deliveries will be from 2017 to 2019.

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