Wisdom Marine enters tanker sector with double order at JMU

Wisdom Marine enters tanker sector with double order at JMU

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.

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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