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Domestic Shipping
Wan Hai to spend up to US$220m to buy four box ships from CSBC
Date:2022-08-18 Readers:
TAIWANESE liner operator Wan Hai has won a tender to acquire four 2,800 TEU ships by bidding between US$53 million and $55 million for each vessel being built speculatively by compatriot shipbuilder CSBC Corp.

In the hope of finding a buyer or long-term charterer, CSBC announced it would build the ships last August, scheduling them for completion in Q3 23, reports UK's The Loadstar.

The shipbuilder had suffered losses from 2017-2020 and was tapping into the strong demand for container shipping in a bid to revive its fortunes.

CSBC invited 20 shipping companies to tender to either acquire the ships or commit to long-term charters, and ten shipping companies submitted bids.

Wan Hai said it bid because while it had a substantial number of newbuildings already under construction, it anticipated it would need more.

Since 2020, Wan Hai has set aside $1.88 billion to buy second-hand ships and newbuildings and has purchased 16 so far, as well as four 13,000 TEU newbuilding contracts from Capital Maritime & Trading.

Wan Hai said the ships from CSBC could replace chartered ships and older, less fuel-efficient vessels.
https://www.shippingazette.com/menu.asp?encode=eng
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