News / Wan Hai pays $53m to buy chartered 2,700 teu box ship

Cape Magnus (credit Schoeller Holdings)

Wan Hai is paying $53m to buy the 2008-built Cape Magnus, one of seven 2,700 teu ships chartered from Schoeller Holdings for 16-18 months in 2020.

Since then, Wan Hai has set aside $880m to buy second-hand ships and has 17 so far, as well as ordering four 13,000 teu newbuildings from Capital Maritime & Trading.

Chartered at a daily rate of $17,500, Cape Magnus serves Wan Hai’s Asia-US west coast route, for which the Taiwanese liner operator is reportedly charging $20,000 per feu, working ...