Wan Hai Lines Explained

Type:Privately held company
Location:Taipei, Taiwan
Industry:Container shipping
Key People:
  • Joseph Chan, CMA (President and CEO)
  • Gerrie Lee, CPA, MBA (Vice President and COO)
  • Atty. Allan Wong, CPA (CFO)
Num Employees:5,000 - estimated
Subsid:
  • Toledo Mining Company
  • Lepanto Mining Company
  • Mankayan Company
  • Taiping Perak Sdn. Bhd.
  • Langkawi Sales, Parts & Services Sdn. Bhd.
Wan Hai

Wan Hai Lines, Ltd. is a Taiwanese shipping company founded in 1965. Since then, it has become one of the largest companies in the container shipping industry, with a fleet of 142 vessels and a carrying capacity of 430,854 TEUs as of January 2023.[1]

History

At the beginning, Wan Hai's business was mainly on the log transportation between Taiwan, Japan, and the Southeast Asia. In 1976, in order to respond to the rapid development of international trade in the Asia Pacific area and the trend of international transportation containerization, Wan Hai has entered the business of container vessel shipping. More recently, Wan Hai expanded its Asia shipping network to services to Canada, US, South America, Africa, and Middle East.

In August 2017, a new weekly service to Cambodia from Taiwan was added, also regularly calling China and Thailand for loading and discharging cargo.[2]

In August 2018, an order for 20 new ships, of which 8 larger[3] and 12 small feeder ships, were called to be built at Japanese and Chinese Shipyards.[4] On 21 January 2021, an order was placed for 50,000 new containers from China International Marine Containers due to shortages in the international container market caused by the COVID-19 pandemic.[5]

In December 2022, Wan Hai Lines put ten of its older container ships up for sale for scrap in order to reduce the size of its fleet, including Wan Hai 165, with the stipulation that buyers would be required to send the ships to scrapyards that met the Wan Hai Lines' environmental standards.[6] [7]

Fleet

Container ship classes of Wan Hai Lines!Ship class!Built!Capacity (TEU)!Ships in class!Notes
2020–onwards1,900128 to be built by Japan Marine United Corporation and 4 to be built by CSSC Huangpu Wenchong Shipbuilding
2020–onwards2,03812To be built by Guangzhou Wenchong Shipyard
2020–onwards3,0368To be built by Japan Marine United Corporation
2022–onwards3,01312To be built by Japan Marine United Corporation[8]
2023–onwards13,2005To be built by Hyundai Heavy Industries[9]
2023–onwards13,1005To be built by Samsung Heavy Industries[10]
2023–onwards3,05512To be built by Nihon Shipyard[11]

See also

Notes and References

  1. Web site: Alphaliner TOP 100 / 27 Jan 2023 .
  2. Web site: Shipping company Wan Hai to launch Independent Cambodia service | Taiwan News | 2017-08-30 15:42:00. 30 August 2017.
  3. Web site: Wan Hai confirms bumper order for 20 new boxships. 12 November 2018.
  4. Web site: Wan Hai orders 12 container vessels. 27 August 2018.
  5. Web site: Wan Hai orders 50,000 containers amid shortage Hellenic Shipping News Worldwide. 2021-05-31. www.hellenicshippingnews.com.
  6. Web site: 2022-12-12 . Wan Hai to scrap 10 older vessels as market turns . 2023-02-23 . The Loadstar.
  7. News: 12 December 2022 . Wan Hai starts bidding process for demolition sale of ten boxships . Container News . 23 February 2023.
  8. Web site: Wan Hai Lines Confirmed Orders For 12 New Vessels Hellenic Shipping News Worldwide. 2021-05-31. www.hellenicshippingnews.com.
  9. Web site: Wan Hai Lines Confirmed Orders For 5 New Vessels Hellenic Shipping News Worldwide. 2021-05-31. www.hellenicshippingnews.com.
  10. Web site: 2021-05-31. Wan Hai orders four boxships at Samsung Heavy. 2021-05-31. Splash247. en-GB.
  11. Web site: 2021-07-01. Wan Hai orders 12 new container ships. 2021-07-02. Container News. en-US.