Evergreen Marine has placed a key piece in a $1.8bn boxship newbuilding jigsaw after confirming a time charter with Shoei Kisen Kaisha for 12 vessels today.

Evergreen chairman Anchor Chang and Shoei Kisen president Yukito Higaki put pen to paper on the long-anticipated contract, which is a central part of a 20 vessel fleet renewal move from Evergreen.