Wan Hai Lines Poised to Surpass Yang Ming Marine as Taiwan's Second-Largest Container Shipping Company

Wan Hai Lines is making bold strides in expanding its fleet, positioning itself to potentially overtake Yang Ming Marine Transport Corp. in total capacity. On August 12, the China Taiwan-based carrier announced a massive new order of 20 methanol dual-fuel container ships, valued at $2.5 billion. This ambitious move marks a significant step towards sustainable shipping and sets Wan Hai apart from other major players opting for LNG-powered vessels.

 

The order, split between Taiwan International Shipbuilding Corp. and Korea's HD Hyundai Samho Heavy Industries, includes 12*8,000 TEU vessels with an option for 4 additional ships, and 4*8,700 TEU ships respectively. Deliveries are expected between 2026 and 2027, signaling a substantial capacity boost for Wan Hai.

 

Earlier in June, Wan Hai also made headlines by purchasing two 7,000 TEU newbuilds from CU Lines for up to $188 million, further reinforcing its rapid expansion strategy.

 

According to Alphaliner, currently ranked as the world's 11th largest container shipping company, Wan Hai operates 123 vessels, with 97% of its total capacity coming from self-owned ships. With the additional 13,000+ TEU capacity from the new orders, Wan Hai’s total fleet capacity is on the brink of surpassing that of Yang Ming Marine.

 

Moreover, reports indicate that Wan Hai is in talks with South Korean shipyards for a series of 15,000 TEU newbuildings, hinting at more aggressive expansion plans on the horizon.

by Xinde Marine News Chen Yang

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