Wan Hai Lines Ltd News

On January 6, the Federal Maritime Commission announced an “Order of Investigation and Hearing” against Wan Hai Lines, Ltd, a vessel-operated common carrier (VOCC). The order charges that Wan Hai failed to “establish, observe, and enforce just and reasonable regulations and practices relating to its assessment of charges on containers when return locations with corresponding appointments were unavailable.”For FMC, a core issue is that some companies may be taking advantage of U.S. port congestion because established VOCC-truck operations are not working.

Taiwan's Wan Hai Lines Ltd will expand further on its already extensive south-east Asia network by joining Thailand-Belawan Service (also known as TBS) on 7th of January 2017, to provide a direct service from Thailand to Belawan.   The service will be jointly operated with "K" Line, by using 2 vessels with effective capacity of 1,400 TEU. Wan Hai and "K" Line will deploy one vessel each.    TBS service will be a 14-day fixed round trip schedule, the port rotation will be: Bangkok – Laem Chabang – Singapore – Port Klang North Port – Belawan – Singapore – Laem Chabang – Bangkok.   Wan Hai Lines is confident that the new service will provide customers with better frequency and service coverage in south-east Asia sections.

Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg. While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single. Taiwan's major three -  Evergreen Marine Corp., Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd. - have kept aloof from the fray. Taiwan has offered its main container shipping lines a relief package to keep them afloat amid worst-ever trading conditions. Taiwan's transportation ministry has offered Evergreen Marine and Yang Ming Marine Transport, the main shipping conglomerates, a US$1.9bn relief package including a credit line with preferential interest rates.

Asian container operator Wan Hai Lines Ltd sees 2014 profit jump as revenue grows faster than costs. The Taiwanese container carrier recorded a profit of TWD5.32 billion (USD170 million) for 2014, soaring 158% from a profit of TWD2.13 billion in 2013. The carrier's earnings per share also rocketed by 147% to TWD2.37 from TWD0.96 a year ago, and its revenue totaled TWD67 billion in 2014, up 12% year on year (y/y). The company is aiming to raise its annual sales to NT$70 billion (US$2.23 billion) this year, an increase of 4.5 percent from last year. Currently, the carrier operates a fleet of 72 vessels. Taiwan's third-largest container shipping company in terms of fleet size is banking on an expansion of the scale of its fleet to make a successful comeback to the US market in May…

ClassNK and maritime software company Napa have announced that Taiwan-based Wan Hai Lines Ltd. has chosen ClassNK-Napa Green ship efficiency software for use on Wan Hai 516, a 4680 TEU vessel delivered by CSBC in April 2013. This marks the first time that the operational optimization and SEEMP (Ship Energy Efficiency Management Plan) solution will be installed commercially on an existing vessel. The announcement was made at a signing ceremony attended by representatives from Wan Hai Lines, ClassNK, and Napa held at Wan Hai Lines headquarters in Taipei, Taiwan on May 7, 2013. The ClassNK-Napa Green system is a new comprehensive software…

Evergreen Line, Wan Hai Lines Ltd (WHL), and Simatech Shipping have agreed to operate an East Africa Service (EAF) with three ships of 1,200 TEU capacity. Evergreen, WHL, and SSF will each operate one vessel. The East Africa (EAF) service will have the following port rotation: Colombo - Mombasa - Dar es Salaam - Colombo The first EAF sailing is scheduled to commence from Colombo on May 11, 2010.

Mitsui O.S.K. Lines, Ltd. signed a contract to establish a joint terminal operation company with Saigon Newport Company, Hanjin Shipping Co., Ltd., and Wan Hai Lines, Ltd on February 4. The signing ceremony was held in Ho Chi Minh City. The terminal project will be located in Vietnam’s Cai Mep region and is slated to start operation in 2011.

Orient Overseas Container Line (OOCL) and Wan Hai Lines Ltd. will reportedly operate a joint direct container shipping service directly between North China and the Middle East.

Wan Hai Lines, Ltd. (WHL) will expand its U.S.-Asia service in the near future as part of its continuing commitment to increase capacity and improve customer service. Wan Hai is planning to replace five 1,600-TEU vessels in its U.S.-Asia service with five larger vessels of up to 3,500-TEU capacity. Additionally, it will acquire additional equipment and expand customer service and sales forces to support the increased vessel capacity and modify, as necessary, its current trans-Pacific service route for wider Asian port coverage. Wan Hai Lines’ vessels will continue to call at U.S. ports once a week with the added capacity, enabling the line to accommodate its growing client base in both the U.S. and Asia.

At the invitation of China Steel Corp. (CSC) and Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. has shown its willingness to enter into a consortium led by CSC to invest in the state-run China Shipbuilding Corp., which has decided to go private through public bidding, according to a report on Taiwan Headlines. China Shipbuilding estimated it would sell a 51 percent up to 66 percent stake to become a privately owned firm. Potential buyers of the China Shipbuilding shares include Evergreen Marine Corp., Taiwan Navigation Co., Yang Ming Marine Transport Corp., Yung Chi Paint & Varnish Mfg. Co., Kuang Tai Co., Wan Hai Lines Ltd., China Steel Corp., MPH, BAE of the U.S., Mitsubishi of Japan, and Hyundai of South Korea.