Wan Hai's net profit for the first three quarters increased nearly 19 times

Wan Hai Lines announced the performance data of the first three quarters on November 9. During the reporting period, it realized an operating revenue of NT $157.36 billion, about US $5.67 billion, compared with NT $53.93 billion, about US $1.94 billion, a year-on-year increase of 191.8%.
 
During the reporting period, the net profit attributable to the parent company was NT $69.23 billion, about US $2.49 billion, compared with NT $3.55 billion, about US $130 million, a year-on-year increase of about 1850%, nearly 19 times.
 
On the same day, Wan Hai also announced that it plans to buy several second-hand ships, and the total purchase price is expected to be no more than US $200 million.

It is worth noting that at the end of July this year, Wan Hai just approved a "asset acquisition and disposal" budget of up to US $1 billion, mainly for ship purchase.
 
According to Alphaliner's statistical data, as of November 10, 2021, the total capacity of Wan Hai was 418,929TEU, ranking 10th in the world. At present, there are 149 ships, including 86 self operated ships and 63 chartered ships.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.