TAIWAN's Wan Hai Lines has announced another
US$1 billion in new construction orders in addition to $500
million in orders placed at the beginning of 2021.
In addition to the new orders, the line has also been
aggressive in the secondhand market. Since the beginning of the year, they have
announced the acquisition of four box ships between 4,000 and 6,000 TEU.
This new order comes just six weeks after the company
announced its first orders since November 2018, reports Fort Lauderdale's
Maritime Executive.
The latest expansion is seen as a move to seize a portion
of the strong transocean market and soaring rates for international services,
it said.
Historically known as a leading intra-Asia carrier, the
company is seeking to renew its Asian presence while also expanding into mid-
and long-haul services.
The
latest order, which is rumoured to be going to a South Korean shipbuilder, is
reportedly valued at $1 billion. It calls for the construction of nine vessels
each with a capacity of 13,000 TEU. They will be the company's largest ships.
Today,
Wan Hai operates two 11,900 TEU vessels their ships average capacity is 3,000
TEU.
Last
July, it launched an independent transpacific route from China to Long Beach
using two mid-sized box ships with plans to charter two more.
The
line had previously participated in a shared route with Pacific International
Lines, which withdraw from the partnership in February 2020, and Cosco. In
addition to the US west coast service, it is believed that Wan Hai plans a
South American service.
In
January, Wan Hai contracted with Japan Marine United Corporation for 12
newbuild 3,013-TEers from JMU's Nihon Shipyard. Delivery is expected to begin
in October 2022. This order was valued at $565 million.
Wan
Hai is still in the process of receiving the previous order from the Japanese
shipyard. The fourth and fifth ships of the class were delivered named in
December 2020 with the second one delivered in March 2021. Three additional
ships in this 3,055-TEU series are still under construction.
The
series is unique in that it is based on an extra-wide beam design with an LOA
of 203.5 m (667 feet) and a 34.8 metres (114 feet) breadth, making them compact
3,000 TEU-class vessels. They are designed with a deadweight capacity of 37,160
tonnes.
The
company spent $85.5 million on these acquisitions. In 2020, they also acquired
ships including their first two neopanamax ships from Pacific International
Lines. In total, they have purchased 11 ships in the secondhand market.
The
latest expansion is seen as a move to seize a portion of the strong transocean
market and soaring rates for international services.
Source
: HKSG.
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