Wan Hai has stated that it wants to “further enhance” its market share in the container-line sector and may invest in four new vessels. Yet, its ambition looks small for now. The reported orders would add just 4% to its global fleet. That won’t change its market position where it is the largest of a third tier of shippers. In terms of scale it is well behind the next largest liners ZIM Shipping and Pacific International. An 11% drop in Wan Hai’s U.S.-inbound traffic in the past three months on a year earlier may fall further given nearly 100% of its volumes come from China ahead of the e...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.