Wan Hai Lines Ltd.
TTWSE:2615119.50
TWD
+3.00
(+2.58%)
ISIN
TW0002615002
Return %
Stock
S&P 500
1Y
53.40
14.20
3Y
166.15
81.12
5Y
-9.89
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Fur-Lung Hsieh
- Full Time Employees
- 5,323
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- No. 136 Songjiang Road Taipei TP Taiwan
- IPO Date
- May 16, 1996
- Website
- wanhai.com
- Similar Companies
- Business
- Wan Hai Lines Ltd. is a Taiwan-based international container shipping company primarily engaged in the provision of comprehensive container shipping routes and marine freight transportation services. The company offers core services including container shipping; shipping agency services; ship and container trading; container and ship rental; port container terminal operations; cargo tracking and terminal information services; shipping schedule management; documentation services; logistics and container storage; and transportation agency services. Wan Hai operates a fleet of vessels with a total capacity of over 430,000 TEUs as of early 2023 and serves markets across Asia, the Middle East, India, the United States, South America, and Europe. The company also engages in investment and real estate management related to its shipping operations. Founded in 1965, Wan Hai is headquartered in Taipei, Taiwan. In recent years, Wan Hai Lines has implemented significant strategic expansions and operational enhancements. In 2024, the company launched the Southeast Asia – India Service VIII (SI8), a new direct shipping service expanding its network in Southeast Asia and West India, operated jointly with Korea Marine Transport Co., Ltd. Wan Hai also formed a strategic slot-sharing alliance with Ocean Network Express (ONE) to launch the PS6 service connecting East China with the U.S. West Coast in February 2025, along with replacing and enhancing its Asia-Pacific Service (AP1), which connects key Asian ports to the U.S. West Coast with larger vessels. Further fleet expansion initiatives include orders placed in 2024 for eight 16,000 TEU methanol dual-fuel vessels and up to 20 methanol-powered 8,000 TEU ships, underlining Wan Hai’s pivot towards sustainable and alternative-fuel shipping technologies. The company continues to invest in modernizing its fleet and expanding its global service network while maintaining a strong presence in key trade lanes, including major ports in Asia, the U.S., and Europe. Wan Hai's operations include a significant footprint in China, Taiwan, Japan, South Korea, Southeast Asia, the Middle East, and the Americas. Wan Hai Lines also maintains partnerships with numerous port operators and shipping groups, including a long-standing partnership with Northport in Malaysia, where they recently achieved a combined throughput milestone of two million TEUs. The company emphasizes fuel-efficient and environmentally friendly vessels as part of its sustainable growth strategy. Wan Hai Lines employs approximately 4,000 personnel and continues to expand its operational scale while enhancing service quality and environmental compliance in global shipping markets. Overall, Wan Hai Lines Ltd. represents a leading, full-service container shipping carrier with a diversified global route portfolio, comprehensive shipping-related services, recent fleet modernization focused on alternative fuels, and active strategic alliances aimed at strengthening its competitive position in the international shipping industry.