Wan Hai has obtained a TW$11 billion (US$340 million) loan from a syndicate of four Taiwanese banks to upgrade Terminal 5 in Kaohsiung Port.
Mega Bank is the lead lender with the syndicate comprising Land Bank of Taiwan, Bank of Taiwan and First Commercial Bank.
Wan Hai is taking over operations of Terminal 5 from Evergreen Marine Corporation, which shifted to Terminal 7.
The Taiwanese regional carrier’s upgrades will see Piers 79, 80 and 81 in Terminal 5 equipped...