News / Wan Hai boosts vessel-acquisition budget and takes over Yokohama terminal

Yokohama Port. © Attila Jandi Dreamstime.com

Wan Hai Lines is splashing out on more asset acquisitions as it looks to strengthen its competitiveness amid a firming container shipping market.

The Taiwan carrier now has a war chest of $320m to acquire more pre-owned ships.

In 2020, when freight rates began rising, Wan Hai earmarked $360m to buy second-hand ships to expand its fleet: 12 were purchased and, in November, Wan Hai allotted another $200m to acquire more tonnage. Thereafter, three ships—Box Express, A Fuji and Bremen Trader—were bought ...