Big deal! Wan Hai spends more than 10 billion yuan to build 110,000 new containers, the fleet moves towards the "million TEU" club
Quick Look
- Wanhai Shipping is optimistic about the market outlook.
- Today, the board of directors approved four new container building projects with a total investment of more than 10.701 billion yuan.
- It will purchase more than 109,200 containers and plans to receive 42 new ships from 2027 to 2030 to expand the fleet capacity.
AI-generated summary
Why It Matters
Wan Hai is optimistic about the shipping market outlook and is actively expanding its fleet size and optimizing its asset structure.
Wan Hai launches 10 billion yuan cabinet building plan. (Photo by reporter Wang Yihong)
[Reporter Wang Yihong/Taipei Report] Wanhai is optimistic about the market outlook and is actively expanding its fleet. The overall shipping capacity will increase by approximately 475,000 TEU from 2026. Today, the board of directors approved four new container building projects, with a total estimated investment of more than 10.701 billion yuan and the purchase of more than 109,200 containers.
Wanhai's board of directors today approved the purchase of 4.58 containers from CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. for US$144 million, approximately NT$4.745 billion. The board of directors also approved the purchase of 24,200 containers from Pan Ocean Container Supplies Co., Ltd. (POCS) for US$69.21 million, approximately NT$2.271 billion. It purchased 23,050 containers from Dong Fang International Container (Hong Kong) LTD for a purchase amount of US$65.02 million, approximately NT$2.134 billion, and purchased 17,000 containers from Singamas Management Services Limited (SMSL) for a total amount of US$47.28 million, approximately NT$1.551 billion.
In terms of fleet planning, Wan Hai pointed out that focusing on medium and long-term development, it is expected to receive 42 new ships from 2027 to 2030, including 10 6,000 TEU, 12 8,700 TEU, 1 9,200 TEU, 7 11,000 TEU and 12 16,000 TEU large ships. The overall shipping capacity will increase by approximately 475,000 TEU from 2026, moving towards a scale of one million TEU.
Wan Hai said that so far in 2026, two 7,000 TEU and four 8,700 TEU new energy-saving ships have been put into operation on the COSCO route. With the delivery of new ships, the average age of Wanhai's fleet has dropped to 8.8 years, which is far lower than the global container fleet average of 14.1 years. At the same time, Wanhai plans to sell three 5,600TEU ships in the fleet in the fourth quarter to continue optimizing the fleet structure.
What to Watch
AI outlook — possibilities, not facts
Wanhai will receive 42 new ships between 2027 and 2030
Very likely · Within years
Open Questions
- What is the actual delivery time for new containers?
- What is the exact amount of proceeds from the sale of an old boat?
