News / Wan Hai boosts fleet with 7,000 teu pair from CULines

Photo: Wan Hai Lines

Taiwanese liner operator Wan Hai Lines has bought two China United Lines 7,000 teu newbuildings at Shanghai Waigaoqiao Shipbuilding.

Wan Hai said, in a filing to the Taiwan Stock Exchange, it would pay $176m to $188m for the two ships, which are expected to be delivered in this year.

The newbuilding price was not disclosed, but was estimated at $82.5m per vessel, meaning CULines could at best, make a profit of up to $11.5m on each.