Monday, 12/12/2022, 06:30 (GMT +7)
1370
Wan Hai to scrap 10 older ships as container shipping market declines
Wan Hai 163 (Photo: Zhao Mengde | MarineTraffic)
Taiwan's Wan Hai shipping line is selling 10 old ships for scrap and is inviting buyers to submit bids on Friday (December 16).
Loadstar was informed that Wan Hai was selling four ships of 1,088 TEU (160-type) built between 1996 and 1998, including Wan Hai 161, 162, 163 and 165. In addition, six ships at 1,368 TEU (200-type) built in 1994, includes Wan Hai 215, 216, 221, 222, 223 and 225. They are the oldest of the 112 fleet owned by Wan Hai.
Selected buyers must ship these ships to eco-friendly ship recycling yards that meet Wan Hai's ESG requirements.
Wan Hai, now the 11th largest shipping operator, has planned to replace its old ships in 2020 and has ordered 24 3,000 TEU vessels from Japanese shipyards. The carrier has also purchased a number of old ships.
However, the Covid-19 pandemic has caused severe logistical congestion around the world and severe capacity shortages, Wan Hai has delayed its plan to demolish its old ships to supply customers with enough space for transportation.
VesselsValue estimates the total value of the scrapped ships at around $43 million.
Wan Hai's removal of these scrap ships coincided with a decline in profits and cargo volumes in the container sector. Its third-quarter net profit fell 37% year-on-year to $718.3 million. Though revenue was strong in the first six months of the year with January-September cumulative net profit up 34% year-over-year, at $3 billion.
General manager Tommy Hsieh forecasts Wan Hai will remain in the black this year, as half of the contracts with US customers are signed on a long-term basis and are protected by flat rates.
In September, Thai shipping line Regional Container Lines (RCL) broke a nine-month container ship demolition drought when it sold the 1,248 TEU Mathu Bhum ship built in 1990 for recycling.
There are about 5,600 container ships, with a total capacity of 25.5 million TEUs, in the active fleet. Of these, there are 77 ships, with a capacity of 121,671 TEUs, aged at least 30 years, while there are 347 with 533,478 TEUs aged between 25-29 and 678 vessels of 1.85 million TEUs aged 20- 24.
Source: Phaata.com (According to The Loadstar)
Phaata - Vietnam's First Global Logistics Marketplace
► Find Better Freight Rates & Logistics Services
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
HOT PROMO
See more
473
Other
Công Ty Cổ Phần Vinafco
10801
FCL
35 Days
Freight cost
CÔNG TY TNHH CARDINAL GLOBAL LOGISTICS (VIETNAM)
Premium
1143
FCL
15 Days
Freight cost
Compass Logistics
Premium
4741
FCL
38 Days
Freight cost
CHI NHÁNH THÀNH PHỒ HỒ CHÍ MINH - CÔNG TY TNHH HECNY SHIPPING VIỆT NAM
6620
Other
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
54
3
Days Direct
- ₫3,175,560 / 20'GP
- ₫7,145,010 / 40'GP
- ₫7,145,010 / 40'HQ
GIA LINH LOGISTICS SERVICES CO., LTD. (G LINK Logistics)
49
6
Days Transit
- ₫14,554,650 / 20'GP
- ₫29,109,300 / 40'HQ
CÔNG TY TNHH GIAO NHẬN TOÀN CẦU GS
295
3
Days Direct
- ₫3,367,000 / 20'GP
- ₫7,252,000 / 40'GP
- ₫7,252,000 / 40'HQ
CÔNG TY CỔ PHẦN TIẾP VẬN INTERCARGO
357
3
Days Direct
- ₫1,323,150 / 20'GP
CÔNG TY TNHH VẬN CHUYỂN QUỐC TẾ TÂN TOÀN CẦU
372
Sea freight
- LCL
See more
227
12
Days Direct
- Refund ₫264,630 /cbm
CÔNG TY CỔ PHẦN SILVIET
564
2,120
13
Days Direct
- ₫0 /cbm
CÔNG TY TNHH DỊCH VỤ VẬN TẢI BIỂN VESTAL
3,763
45
Days Transit
- Refund ₫131,570 /cbm
CÔNG TY TNHH LIÊN KẾT HOÀN HẢO (PERFECTLINK CO.,LTD)
5,812
7
Days Direct
- Refund ₫261,590 /cbm
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
Air freight
- General cargo
See more
1,793
10,382
1
Days Direct
- 46,310 ₫/kg
N.B.L INTERNATIONAL TRANSPORT CO., LTD
12,559
1
Days Direct
- 161,424 ₫/kg
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
14,885
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
14,545
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
Rail freight
- FCL
See more
11,299
5
Days Direct
- ₫44,987,100 / 40'HQ
- ₫44,987,100 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
14,804
3
Days Direct
- ₫15,083,910 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
24,406
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
22,866
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
11,819
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
178
6
Hour
- ₫10,500,000 / 40'GP
- ₫10,500,000 / 40'HQ
Công ty TNHH Giao nhận quốc tế HP LINK
248
16,598
1
Day
- ₫28,000,000 / 20'GP
- ₫28,000,000 / 40'GP
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VÀ KHO VẬN VIETTEL POST - TTC
117,303
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
184,110
1
Day
- ₫18,997,200 / 20'GP
- ₫18,997,200 / 40'GP
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI CON ONG
