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17 May 2022 The on-line newspaper devoted to the world of transports 12:39 GMT+2

May 9, 2022

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Wan Hai Lines Still Records Financial Performance quarterly records

In the first three months of this year, revenues increased by +108,5%

Containerized shipping company Wan Hai Lines (WHL) of Taipei closed the first quarter of 2022 with performance record financial statements starting from revenues totalling 80.5 billion Taiwan dollars (2.7 billion US dollars), value never achieved before which represents an increase in +108.5% on revenues in the first three months of last year. New historical peaks were also reached by operating profit and from net profit which amounted to 48.9 billion respectively (+117.6%) and 40.6 billion Taiwanese dollars (+174.9%).

Announcing today the latest quarterly results, the company has also announced a downsizing of the large program of strengthening of its fleet having decided to reduce the amount of the significant contract worth 682.9 million dollars for the acquisition of 20 US container ships announced earlier this year, order which was reduced to 14 ships worth a total of $233.4 million and a unit value between $6.12 million and $35.7 million for each container ship, ships that will be sold by the Chinese Guangzhou Wenchong Shipyard and the Japanese MI-DAS Line.

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