Wan Hai Lines Boosts Investment in Fleet & Terminal Assets

Wan Hai Lines is doubling down on long-term development by continuously increasing investments in its fleet and terminal assets, signaling strong confidence in the long-term prospects of the container shipping market.

According to the latest announcement, Wan Hai has ordered 6 new 6,000 TEU LNG dual-fuel ready container ships from China’s Huangpu Wenchong Shipyard. The unit price of each vessel ranges from $75.2 million to $82 million, with the total transaction value estimated at $450 million to $490 million. These LNG-powered ships are expected to enhance fuel efficiency and reduce operational costs, aligning with the company’s low-cost operation strategy.

In addition to fleet expansion, Wan Hai recently reached an agreement with Yokohama Kawasaki International Port Corporation to extend the lease term of the Yokohama Honmoku D-4 Terminal from 10 years to 20 years. Covering a land area of 143,000 square meters, the total value of the right-of-use asset for this terminal is approximately $96 million. The lease extension ensures stable berthing and storage capacity at this key transshipment port, strengthening Wan Hai’s operational autonomy.

Wan Hai stated that its investments in fleet and terminals are primarily based on considerations of long-term corporate development, operational independence, and overall operational efficiency. Industry analysts note that Wan Hai’s strategy of continuous fleet renewal helps improve fuel efficiency and lower average container space costs. Meanwhile, securing its own berths and storage areas at key transshipment ports allows the company to obtain more favorable handling fees and ensure schedule stability—core advantages for maintaining competitiveness in the global shipping market.