WAN HAI

PIL to quit transpacific trades as it takes a ‘strategic review’ of its network

Singapore-headquartered container carrier Pacific International Lines (PIL) is to quit the transpacific trades.
“As part of Pacific International Lines’ (PIL) continuous effort to optimise its network efficiency, the company will be withdrawing its services from the transpacific market,” it said this morning.
It said PIL’s last transpacific sailing would be next month.
“The company has taken this decision as part of a wider strategic review of its business. Henceforth, PIL will focus on …

The...

https://theloadstar.com/pil-to-quit-transpacific-trades-as-it-takes-a-strategic-review-of-its-network/

Vietnam attracts more containers amid US-China trade war

Amid the US-China trade war, Vietnam has benefited the most. As manufacturers shift some production from China to Vietnam, intra-Asia liner operators have been adding more calls to the Southeast Asian country.

US-China trade tensions have altered the flow of goods in Asia. According to China’s General Administration of Customs, the value of Chinese exports to South East Asia rose by nearly 60% year-on-year from January to October 2019, to US$412.7 billion, after the US levied a 10% tariff on...

https://container-news.com/vietnam-attracts-more-containers-amid-us-china-trade-war/

Wan Hai joins fellow carriers to threaten heavy fines for misdeclared cargo

Wan Hai has joined the ranks of many of its carrier peers, announcing it will fine shippers that intentionally misdeclare cargo contents.
The Taiwanese carrier told customers that, notwithstanding any consequential liabilities or damages from a cargo misdeclaration, it would fine shippers, and/or notified parties and consignees, $30,000 per container for misdeclared hazardous cargo, and $20,000 per box for non-hazardous contents.
And it reminded them that, under the terms of its bill …

The post W...

https://theloadstar.com/wan-hai-joins-fellow-carriers-to-threaten-heavy-fines-for-misdeclared-cargo/

Wan Hai joins “Getting to Zero Coalition”

Wan Hai is a member of the Getting to Zero Coalition, a Global Maritime Forum initiative to accelerate the decarburization of the shipping industry.

“After being involved as an industry partner in the Global Maritime Forum for the last few years, Wan Hai Lines fully supports the collaborative efforts that are needed to achieve the substantive to fulfill the ambitious targets set forth by the IMO for 2050. Having debated the timeline needed to do so, we recognize the need for industry leaders...

https://container-news.com/wan-hai-getting-zero-coalition/

Shippers welcome plan for new index to improve liner reliability

Shanghai Shipping Exchange (SSE) and software solutions provider Cargosmart have teamed up to tackle vessel reliability concerns among shippers. 
They will work together to develop a new method of calculating schedule reliability on key tradelanes to help shippers optimise their supply chains.  
Vice president of SSE Yao Weifu said they aimed “to deliver a new shipping index that increases transparency to ocean carrier performance”. 
According to reports, global containership reliability hovers...

https://theloadstar.com/shippers-welcome-plan-for-new-index-to-improve-liner-reliability/

Analysis: Evergreen looks financially adrift as hungry rivals circle

The consolidated annual numbers recently released by Evergreen confirmed that Taiwan’s container shipping industry remains one of the weakest spots globally, to put it mildly – in fact, barring state intervention, it is easy to argue that one of the three domestic carriers might well go under within 24 months or so.
Either way, with Pacific International Lines out of the consolidation game in Asia, expect some serious speculation, as early as …

The post Analysis: Evergreen looks financially...

https://theloadstar.com/analysis-evergreen-looks-financially-adrift-as-hungry-rivals-circle/

Wan Hai, Bunker Charges for Transpacific trade

Wan Hai announces that from July 01 to September 30, 2019, unless otherwise specifically indicated in the rate item or service contract, the following “tariff Bunker Charge” will be accessed on all base freight rates listed in the tariff or service contract.

For cargoes moving into U.S. West Coast or inland destinations via West Coast ports:

  • USD 290 per 20’ all types
  • USD 360 per 40’ all types except HQ
  • USD 405 per 40’High Cube
  • USD 455 per 45’ all types

For cargoes moving from U.S. West Coast...

https://container-news.com/wan-hai-bunker-charges-transpacific-trade/

Vallarpadam terminal adds China-India Express service for faster connectivity

India will gain greater access to key destinations across the world

DP World-operated International Container Transshipment Terminal (ICTT) in Kochi added a new weekly mainline service — the China-India Express 2 — operated by Wan Hai Shipping Line.

The maiden vessel called on Vallarpadam Terminal on Tuesday, April 9, and the service is expected to strengthen direct connectivity from Kochi to Far East locations.

The direct service gives an opportunity to trade and ensure timely loading and...

https://container-news.com/vallarpadam-terminal-adds-china-india-express-service/

Wan Hai Lines recognized in the Far East zone

Wan Hai Lines’ announcement:

Wan Hai Lines crowned the “Container Shipping Line of The Year -Far East Trade Lane” by 5th Edition of East Coast Maritime Forum 2019 Concurrent with Eastern Star Awards which was held on Mar 15, Kolkata, India.

The criteria of the award include Volume handled in Far East Sector, Year on Year Growth, Global Reach, Documentation Procedures, Commencement of New Services, Schedule Integrity & Customer Satisfaction.

Since its launch of India service routes in 1996, Wan...

https://container-news.com/wan-hai-lines-recognized-far-east-zone/

Wan Hai orders 20 new box ships to meet market ambitions

Taiwan niche ocean carrier Wan Hai has confirmed an order for 20 new box ships as part of its fleet renewal plan and market development ambitions.
The profitable container line is continuing its successful strategy of operating smaller containerships on its services.
Eight 3,036 teu vessels will be built by Yokohama-headquartered Japan Marine United Corporation (JMU) and 12 2,038 teu ships at the Chinese yards of Guangzhou Wenchong Shipyard (GWS) and China …

The post Wan Hai orders 20 new box...

https://theloadstar.co.uk/wan-hai-orders-20-new-box-ships-meet-market-ambitions/

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