Wan Hai Lines is splashing out on more asset acquisitions as it looks to strengthen its competitiveness amid a firming container shipping market.
The Taiwan carrier now has a war chest of $320m to acquire more pre-owned ships.
In 2020, when freight rates began rising, Wan Hai earmarked $360m to buy second-hand ships to expand its fleet: 12 were purchased and, in November, Wan Hai allotted another $200m to acquire more tonnage. …
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