Wan Hai Lines has ordered a dozen three,013TEU newbuildings from the Japan Marine United Corporation (JMU) and Nippon Shipyards the corporate rumored on twenty five Jan.

The Taiwanese carrier, that focuses on the intra-Asia trades, aforementioned in an exceedingly filing to the Taiwan stock market that the choice to commission newbuildings was taken once considering its current fleet size and future business growth.

The total newbuilding contract worth is US$565.2 million. Delivery dates for the newbuildings weren’t disclosed, however it takes around 2 years for shipyards to complete a vessel.

Nihon workplace, a venture between Japan’s 2 largest shipbuilders, JMU and Imabari construction, was launched on five Jan, once anti-trust approval was obtained.

JMU continues to be building four three,000TEU ships that Wan Hai had ordered in 2018; these vessels square measure scheduled  for delivery this year. Wan Hai also will take delivery of six two,038TEU newbuildings from Guangzhou Wenchong workplace this year, and another six similar units from identical workplace in 2022.

Like its peers, Wan Hai, currently the eleventh largest liner operator, is increasing its fleet with newbuildings and second-hand ship purchases, amid record-high freight rates. The company’s capability totals 332,998TEU, as well as sixty nine owned  ships.

Further to the current, the filing explicit  that the whole value Wan Hai pays for fifty,000TEU in an exceedingly mixture of containers is US$141.73 million.

In Gregorian calendar month 2020, Wan Hai earmarked US$360 million to shop for second-hand ships then way, the corporate has purchased seven vessels.