Wan Hai

Wan Hai Lines is a container carrier with a network that covers areas in Asia, the United States, South America, Africa, Europe, and the Middle East. Established in 1965 with headquarters in Taipei, Taiwan, the shipping company has a fleet of 72 vessels with a total capacity of 178,445 TEUs. The company employs approximately 4,000 individuals and reported 2013 revenues of TWD 59.68 billion --down 5.2 percent year-over year. The company recorded a net profit of TWD 2.14 billion, up 15.8 percent from the previous year’s net profit of TWD 1.85 billion.

Wan Hai Lines was the 26th-ranked container carrier in U.S containerized import trade in 2013, with volume of 89,700 TEUs, up 36.5 percent year-over-year, giving it market share of 0.5 percent. It was No. 37 in U.S. containerized export trade in 2013, with volume of 23,099 TEUs, down 9.1 percent year-over-year and market share of 0.2 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

Wan Hai Lines posted a profit of $21.8 million in the first quarter of 2014, allowing them to remain the leader among Taiwan’s top three shipping companies. Almost 87 percent of Wan Hai’s services are focused on routes in Asia, where container volumes and freight rates are more stable than in the volatile east-west trades. This has enabled the carrier to regularly remain in the black while its larger Taiwan rivals suffer losses.

13 Sep 2016
The port says the new service could boost traffic by 30,000 TEUs per year.
25 Aug 2016
A group of Asia-based container lines are teaming up to offer new joint services on the intra-Asia trade.
Around 90 percent of Wan Hai’s services are on the intra-Asia trade.
17 Aug 2016
Taiwan’s Wan Hai Lines is the latest intra-Asia specialist to report profit and revenue declines in the first half.
18 May 2016
Taiwan’s top three container lines reported dismal first-quarter results.
10 May 2016
Mitsui O.S.K Lines and Wan Hai Lines have joined forces for a new intra-Asia service.
07 Apr 2016
Wan Hai Lines surpassed Maersk Line as the world’s most profitable container line in 2015, based on operating margins, according to Alphaliner.
18 Jan 2016
Mitsui O.S.K. Lines, Wan Hai Lines, Interasia Lines and Pacific International Lines are expanding their current cooperation in trades to and from India by introducing a new intra-Asia loop, dubbed the China-West Coast India, or CIS, starting at the end of February.
26 Nov 2015
The sharp decline in net income of Taiwan’s top three carriers through the course of the last three quarters gives a clear picture of the container shipping industry’s rapidly deteriorating operating environment.
21 Oct 2015
Kattupalli International Container Terminal’s prolonged and difficult push to woo more ship calls received some support last week when Taiwanese carrier Wan Hai Lines made its maiden call at the private, minor facility on India’s east coast.
24 Aug 2015
Taiwan’s Wan Hai Lines second-quarter profit grew 0.9 percent to $33.4 million even as pricing softened.
15 Jul 2015
The three largest Taiwanese carriers, Wan Hai, Yang Ming and Evergreen Line saw their January to June revenues increase year-over-year, largely due to growing intra-Asia trade.
Yang Ming container ship in Oakland port
18 May 2015
Taiwan’s three top lines became the latest carriers to join the black numbers club, all recording net profit for the first quarter on the back of rising revenue and falling operating costs.