Maersk and Wan Hai are throttling back their capacity into the US West Coast amid a severe drop in container freight rates that could lead to even more vessel cuts as the fourth quarter progresses.
Wan Hai Lines
Wan Hai Lines
Wan Hai Lines is a container carrier with a network that covers areas in Asia, the United States, South America, Africa, Europe, and the Middle East. Established in 1965 with headquarters in Taipei, Taiwan, the shipping company has a fleet of 72 vessels with a total capacity of 178,445 TEUs. Almost 87 percent of Wan Hai’s services are focused on routes in Asia, where container volumes and freight rates are more stable than in the volatile east-west trades. This has enabled the carrier to regularly remain in the black while its larger Taiwan rivals suffer losses.
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18 Jan 2016
Mitsui O.S.K. Lines, Wan Hai Lines, Interasia Lines and Pacific International Lines are expanding their current cooperation in trades to and from India by introducing a new intra-Asia loop, dubbed the China-West Coast India, or CIS, starting at the end of February.
26 Nov 2015
The sharp decline in net income of Taiwan’s top three carriers through the course of the last three quarters gives a clear picture of the container shipping industry’s rapidly deteriorating operating environment.
21 Oct 2015
Kattupalli International Container Terminal’s prolonged and difficult push to woo more ship calls received some support last week when Taiwanese carrier Wan Hai Lines made its maiden call at the private, minor facility on India’s east coast.
24 Aug 2015
Taiwan’s Wan Hai Lines second-quarter profit grew 0.9 percent to $33.4 million even as pricing softened.
15 Jul 2015
The three largest Taiwanese carriers, Wan Hai, Yang Ming and Evergreen Line saw their January to June revenues increase year-over-year, largely due to growing intra-Asia trade.
18 May 2015
Taiwan’s three top lines became the latest carriers to join the black numbers club, all recording net profit for the first quarter on the back of rising revenue and falling operating costs.
16 Apr 2015
Yang Ming Line, Wan Hai Lines, Pacific International Lines and Cosco Container Lines have jointly kicked off a new container service between the Far East and the Middle East.
03 Feb 2015
Taiwanese container carrier Wan Hai Lines established its own representative office in Gandhidham, India, to cater to the needs of its vessel calls at the ports of Mundra and Pipavav.
30 Jan 2015
OOCL plans to upgrade its intra-Asia service network by joining the Singapore-Chennai 2 (SC2) service operated by Wan Hai Lines and Bengal Tiger Line, starting in early February.
05 Nov 2014
The transition by the world’s container carriers to operating larger ships and the new alliance structures are significantly impacting hub ports, said Randy Chen, Wan Hai Lines assistant to the president.
03 Nov 2014
Steadily dropping bunker fuel prices have raised the intriguing possibility of slow-steaming carriers starting to speed up ships, which would have the immediate effect of injecting huge amounts of additional capacity into a heavily oversupplied market.
09 Oct 2014
Wan Hai Lines plans to launch a new weekly container service between the Indian subcontinent and the Middle East in mid-O
03 Sep 2014
Ocean carriers’ operating margins in the first half of the year veered widely from top-ranked Maersk Line’s positive 7.3 percent to a negative 7.8 percent at Chile’s CSAV, according to industry analyst Alphaliner.
26 Aug 2014
Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.
22 Aug 2014
At least two ships have been quarantined and all others coming from Asia to the United States will be heavily scrutinized as officials attempt to block an invasive species from making landfall in the U.S.
18 Aug 2014
Intra-Asia specialist Wan Hai Lines reported a 7.2 percent increase in container volumes in the first half of 2014, pushing revenue up nearly 10 percent as the shipping industry continues to feel the effects of increased demand.
12 Jul 2014
Wan Hai Lines plans to upgrade its intra-Asia service network by joining the West India-China direct service (WIN) operated by a consortium of NYK Line, X-Press Feeders, Hapag-Lloyd and Yang Ming Lines.
02 Jul 2014
The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
18 Jun 2014
At the end of this month, four ocean carriers will launch a new joint service connecting China, Southeast Asia and the Indian subcontinent.
16 May 2014
Intra-Asia specialist Wan Hai Lines posted a modest $21.8 million profit in the first quarter as the carrier leveraged its network to remain the leading light among Taiwan’s top three shipping companies.
31 May 2013
The Port of Long Beach this week recognized 20 ocean carriers and shipowners for their efforts to improve air quality by
16 Apr 2013
Starting May 4, Cosco Container Lines, Evergreen Line, PIL and Wan Hai Line will launch a new weekly service linking Asia and the west coast of South America, called Asia-South America Service, WSA2.
11 Apr 2013
Wan Hai Lines has unveiled its Wan Hai 516 vessel at an opening ceremony at CSBC Corp. Taiwan’s Kaohsiung shipyard.
27 Mar 2013
On April 3, Wan Hai Lines will join Yang Ming Line and Pacific International Lines in operating the Pan Asia Service II to provide an express service from North China to Singapore and Malaysia.
25 Jan 2013
That Wan Hai Lines attributed its third quarter profit turnaround to its decision to shift resources from the destitute Asia-Europe market to growing intra-Asia trades is testament to the strong fundamentals underpinning Asia’s regional trade.
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