ContainersFinance and InsuranceGreater China

Wan Hai boosts fleet expansion budget

Wan Hai Lines plots further expansion spending with a new war chest of up to $1.02bn to fund newbuilds and pursue secondhand containership buys.

The Taiwanese containerline has earmarked an additional $320m for secondhand ship acquisitions, adding to last year’s war chest of more than $500m and a further $700m set aside for newbuildings.

The world’s 11th largest liner said in a Taiwan Stock Exchange filing it would also add more dry containers for business requirements, but numbers were not disclosed.

Wan Hai operates a fleet of 147 ships and has 40 ships under construction. The Taipei-based company most recently acquired a 16-year-old 5,527 teu boxship for $109.5m, dishing out $94.5m more compared to what the German owner, Danz und Tietjens, paid in 2019 for the ship with a three-year charter attached. 

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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