TAIWANESE container shipping line Wan Hai Lines is planning to order at least four newbuildings in the second half of this year.
General manager of Wan Hai Lines, Hsieh Fur-Lung, said at the company's annual general meeting that the shipping line is looking to order four box ships of 1,800 TEU to 2,800 TEU, and is currently in negotiations with a number of yards for the order, reports Singapore's Splash 247.
Mr Hsieh said the company is now concerned about the potential negative impact brought by US-China trade war, which could affect the cargo flow in Asia.
'The company is prudent about the market in the second half of this year but we are not pessimistic,' Mr Hsieh said, adding that freight rates haven't been able to increase as the supply of ships on trans-pacific routes still exceeds demand despite cargo volumes on various routes being high.
Wan Hai Lines currently operates a fleet of over 70 containerships.
General manager of Wan Hai Lines, Hsieh Fur-Lung, said at the company's annual general meeting that the shipping line is looking to order four box ships of 1,800 TEU to 2,800 TEU, and is currently in negotiations with a number of yards for the order, reports Singapore's Splash 247.
Mr Hsieh said the company is now concerned about the potential negative impact brought by US-China trade war, which could affect the cargo flow in Asia.
'The company is prudent about the market in the second half of this year but we are not pessimistic,' Mr Hsieh said, adding that freight rates haven't been able to increase as the supply of ships on trans-pacific routes still exceeds demand despite cargo volumes on various routes being high.
Wan Hai Lines currently operates a fleet of over 70 containerships.