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Wan Hai Lines to invest $320m in secondhand boxships

Photo: Wan Hai Lines Wanhai lines.jpg
Taiwan-based Wan Hai Lines says it is going to purchase several secondhand container vessels at a total cost of no more than $320m.

The vessel purchase is expected to be placed by Taiwan headquarters and its branch in Singapore.

Earlier this month, Wan Hai acquired two 1,774 teu containerships from Bremen Trader Shipping Limited and Sinou Shipping Pte Ltd, respectively. 

In the first three quarters of this year, Wan Hai posted a revenue of around $5.67bn, an increase of 191.8% year on year. 

Cash rich container lines have been seeking expand their fleets via secondhand tonnage despite the dearth of available ships and sky high prices.



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