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EVERGREEN LAUNCHES 5,364-TEU SHIP

EVERGREEN LAUNCHES 5,364-TEU SHIP

   Evergreen Line has launched the Ever Utile, a newly-built
5,364-TEU containership.
   The vessel is the 13th in a series of 19 "U-type" containerships
ordered by Evergreen.
   The vessel will join the carrier’s Hong Kong/Taiwan/U.S. West Coast
"HTW" service in March, 2000.
   Evergreen is currently finalizing the order of five 6,000-TEU vessels that
would follow the delivery of the last six 5,364-TEU vessels in the series.
   By mid 2001, when all 19 ships of 5,364-TEU will have been delivered, the
Evergreen group expects that its fleet will consist of 138 vessels with a total slot
capacity of 360,000 TEUs