Advertisement

Wan Hai embarks on new spending spree to buy second-hand box ships

Taiwan’s Wan Hai Lines has purchased one of its chartered ships after setting aside US$200 million for second-hand vessel purchases.

The carrier has bought the 1,700 TEU Box Express for $40.5 million, having chartered the ship since June.

The 2016-built Box Express and sister vessels Box Express and Box Endurance were commissioned by Greek tonnage provider Allseas Marine at CSSC Huangpu Wenchong Shipbuilding. Wan Hai has had the sister vessels on charter since the start of the year.

On 9 November Wan Hai said its chairman had authorised a budget of $200 million to acquire more second-hand ships, nearly a year after setting aside $360 million for this purpose.

Most of the earlier budget has been spent on a dozen second-hand vessels, ranging from feeders to panamaxes.

Ships Montly - January 2024

Storylines and Brodosplit shipyard renew ship building contract for residence ship

Storylines, a pioneering company in the residential ship industry, has renewed a shipbuilding contract with Brodosplit shipyard based in Split, Croatia, to construct the...
Advertisement

Related articles

Storylines and Brodosplit shipyard renew ship building contract for residence ship

Storylines, a pioneering company in the residential ship industry, has renewed a shipbuilding contract with Brodosplit shipyard based...

World’s oldest cable layer in Greece

Celebrating her 115th birthday this year is the Greek cable laying ship Thalis o Milisios (Thales of Miletus),...

Damen to deliver two ASD Tugs 3010 to Norway

On 20 February 2024 Damen Shipyards Group signed a contract with BOA Group for two ASD Tugs 3010...

New partnership between Maersk Supply Service and Edison Chouest Offshore

A bew partnership between Maersk Supply Service and Edison Chouest Offshore is intended to enable faster offshore wind...