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Wan Hai Lines

Wan Hai
Company typePrivately held company
IndustryContainer shipping
FoundedFebruary 24, 1965; 59 years ago (1965-02-24)
HeadquartersTaipei, Taiwan
Key people
  • Joseph Chan, CMA (President and CEO)
  • Gerrie Lee, CPA, MBA (Vice President and COO)
  • Atty. Allan Wong, CPA (CFO)
Number of employees
5,000 - estimated
Subsidiaries
  • Toledo Mining Company
  • Lepanto Mining Company
  • Mankayan Company
  • Taiping Perak Sdn. Bhd.
  • Langkawi Sales, Parts & Services Sdn. Bhd.
Websitewww.wanhai.com

Wan Hai Lines, Ltd. (Chinese: 萬海航運股份有限公司; pinyin: Wàn Hǎi Hángyùn Gǔfèn Yǒuxiàn Gōngsī) 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

In Wan Hai's early days, most of its business was shipping lumber between Taiwan, Japan, and Southeast Asia. In 1976, as international trade in the Asia-Pacific region expanded and international transportation moved to containerization, Wan Hai entered the business of container vessel shipping. Wan Hai eventually expanded its Asia shipping network to services to Canada, U.S., 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, the company ordered for 20 new ships, including eight large vessels[3] and 12 small feeder ships, from Japanese and Chinese shipyards.[4] On 21 January 2021, Wan Hai ordered 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–onwards 1,900 12 8 to be built by Japan Marine United Corporation and 4 to be built by CSSC Huangpu Wenchong Shipbuilding[4]
2020–onwards 2,038 12 To be built by Guangzhou Wenchong Shipyard[3]
2020–onwards 3,036 8 To be built by Japan Marine United Corporation[3]
2022–onwards 3,013 12 To be built by Japan Marine United Corporation[8]
2023–onwards 13,200 5 To be built by Hyundai Heavy Industries[9]
2023–onwards 13,100 5 To be built by Samsung Heavy Industries[10]
2023–onwards 3,055 12 To be built by Nihon Shipyard[11]

See also

References

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

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