Wan Hai fired the first shot to reduce the capacity

In the face of declining market demand and newShipAt the peak of delivery, Wanhai Shipping became the first liner operator to drastically reduce excess capacity.

It is reported that Wanhai is selling four 1088TEU 160 models built between 1996 and 1998Ship, namely Wanhai 161, 162, 163 and 165, and six 1368TEU 200 ships built in 1994, namelyTen thousandSeas 215, 216, 221, 222, 223 and 225, which areWanhai 112 OwnedThe oldestBoat.

The successful bidder must send the ship to the environmental protection shipbreaking yard meeting the requirements of Wanhai ESG for dismantling.

Wanhai Shipping, currently ranked as the 11th largest liner operator in the world, originally planned to replace aging ships in 2020,TowardJapanese shipyards have ordered 24 ships with 3000TEU.The carrier also purchased several second-hand ships.However, the epidemic has caused serious logistics bottlenecks and serious shortage of transportation capacity all over the world.In order to provide customers with enough seats, Wanhai postponedOld shipDisassembly plan.Vessels Value estimates that the total value of the scrapped ship is about $43 million.

Wanhai's demolition comes at a time when Container's industry revenue and freight volume are shrinking.The company's third-quarter net profit fell 37% year-on-year to $718.3 million, although the higher turnover in the first six months of this year meant that the cumulative net profit from January to September increased 34% year-on-year to $3 billion.

Wanhai's general manager Tommy Hsieh expects the company to remain profitable this year because half of its contracts with U.S. customers are long-term contracts and are protected by fixed freight rates.

In September, Thai operator Regional Container Lines sold 1,248 TEU Mathu Bhum, built in 1990 for recycling, breaking a nine-month-long famine of container ship dismantling.

There are about 5,600 full honeycombs in the fleet in serviceShipWith a total capacity of 25.5 million TEUs.Among them, only 77 ships are over 30 years old, with a capacity of 121,671 TEUs and 347 TEUsShipIt is 25-29 years old and has a capacity of 533,478 TEUs, and 678 ships are 20-24 years old and have a capacity of 1.85 million TEUs.

Great LinkIn air transport andSea transportationWe have a great price advantage in all aspects, and we provide services to 5,000 companies around the world.We've dealt with a lot of Container.No matter in the peak season or off-season, we can guarantee the shipping space supply and quality service.For more quotations, pleaseClickOur representativesFind out more.