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Wan Hai firms up CSBC orders

Wan Hai firms up CSBC orders

Taipei: Taiwan's Wan Hai Lines Limited intends to splash out $639m to order 14 boxships from compatriot CSBC, which are scheduled to be delivered from late 2011 gradually. ?Originally Wan Hai had ordered 12 ships last year, including six 1,805 teu and six 4,252 teu sizes. But finally it has been changed to four 1,805 teu, four 1,000 teu, and six 4,500 teu types, namely 14 ships totally, after a board of directors meeting at Wan Hai on July 12th. ?The delivery dates of the originally ordered 12 ships were delayed by 16 to 18 months due to market recession, agreed by CSBC. ?In summary, the capacity of the order is raised from 36,300 teu to 38,200 teu, totaling $639m. [14/07/10]

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