Greater ChinaTankers

Wisdom Marine enters tanker sector with double order at JMU

Photo of Jason Jiang Jason JiangJune 28, 2016
20 Less than a minute

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.

Tags
Photo of Jason Jiang Jason JiangJune 28, 2016
20 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button