Wan Hai warns of battle for boxes as peak season starts early
The traditional peak season has started early, before the usual July-October period, as shippers are ...
Photo: Wan Hai Lines
Wan Hai Lines has set aside $1.55bn to invest in ships, container terminal equipment and new boxes, GM Tommy Hsieh said on Friday.
The Taiwanese liner operator, primarily an intra-Asia carrier, recorded a $3.03bn net profit in 2022, down 10% from 2021, and incurred a loss in Q4.
Explaining the capital expenditure plan, Mr Hsieh said: “We’re still optimistic about the long-term growth of container shipping. The decline in freight rates has been restrained. After the lunar new year, the freight rates of ...
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