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Photo: Wan Hai Lines
Wan Hai Lines is planning further fleet expansion, with a $1bn war chest – some $700m intended for newbuildings and $300m for second-hand vessel acquisitions.
The Taiwanese liner operator announced the new budget after its 2021 net profit grew 26% year on year, to $3.73bn.
Wan Hai said as the container shipping market conditions were changing rapidly, charter costs for ships and containers had been rising.
By investing the profits of the past two years, the carrier would be “in a good position ...
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