Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red.
Wan Hai incurred a net loss of US$188.5 million in 2023, which deteriorated from a net profit of US$3.04 billion in 2022, ending 13 straight profitable years. The last time Wan Hai reported a net loss was in 2009, when the global financial crisis resulted in red ink of US$50.56 million that year.
Primarily an intra-Asia carrier, Wan Hai re-entered long-haul...
https://container-news.com/wan-hai-issues-us320-million-of-bonds-after-loss/