Wan Hai has purchased its 11th ship since earmarking US$360 million to buy second-hand ships. The Panamax vessel was bought from CMB for US$21 million.
[s2If is_user_logged_in()]The intra-Asia specialist, said in a filing to the Taiwan Stock Exchange on 2 March that it had purchased the 2010-built 4,178TEU Toucan Hunter, which is currently chartered to COSCO Shipping Lines, from the Belgian ship owner CMB NV, which also sold the 4,255TEU Harrier Hunter to Wan Hai in February.
Between December 2020 and February 2021, Wan Hai has announced the purchases of Harrier Hunter, My Ny, Granville Bridge, MOL Pace, Partner Star, Teal Hunter, Hyundai New York, Anton Schulte, Adrian Schulte and Astrid Schulte.
In 2020, Wan Hai bought 10 second-hand ships, including two 11,923TEU vessels from Pacific International Lines, spending in excess of US$420 million. The liner operator still has around US$80 million remaining from the budget disclosed on 7 December.
Wan Hai’s Singapore subsidiary, Wan Hai Lines (Singapore), handled the procurement, due to tax exemptions offered to major shipping enterprises in Singapore.
Wan Hai has also commissioned a dozen 3,013TEU newbuildings from Japan Marine United Corporation and Nihon Shipyard.
The carrier is reportedly in discussions with South Korean ship builder Hyundai Heavy Industries to construct a number of 13,000TEU ships, but did not comment on this.
Martina Li
Asia Correspondent
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