ContainersGreater China

Wan Hai takes 1,700 teu ship for $10.4m

Photo of Sam Chambers Sam ChambersSeptember 5, 2016
41 Less than a minute

Nissen Kaiun of Japan has sold Wan Hai Lines a nine-year-old 1,700 teu ship. Wan Hai is paying $10.4m for the Imabari-built IS Japan, brokers tell Splash. Nissen Kaiun has been paring back its diverse fleet all year.

Wan Hai, the 18th largest containerline in the world, has been using the low vessel price environment of late to bolster its fleet size. In June, it signed for eight 1,900 teu ships at Japanese yard Naikai Zosen. The ships will deliver in two years’ time.

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Photo of Sam Chambers Sam ChambersSeptember 5, 2016
41 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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