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Wisdom Marine enters tanker sector with double order at JMU

Wisdom Marine enters tanker sector with double order at JMU

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Taiwanese owner Wisdom Marine has announced that the board has approved a proposal to order two 115,000dwt oil tankers at Japanese yard Japan Marine United (JMU).

The total value of the contract is about $100m, and will see Wisdom Marine enter the tanker market.

Wisdom Marine currently operates a fleet of 109 vessels, all bulkers. Despite the depressed dry bulk market, the company managed to report a net profit of NTD2.25bn ($69.5m) for the year of 2015, up 19.09% year-on-year.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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