Americas double revenue contribution to Wan HaiBy Kao Shih-ching / Staff reporterWan Hai Lines Ltd’s (萬海航運) revenue contribution from its US and South American operations rose to 61 percent in the first quarter, from 30 percent a year earlier, the company said on Thursday. A Wan Hai Lines Ltd cargo ship is pictured at the Port of Kaohsiung on Feb. 11. Photo: CNAThe shipper has assigned more vessels and resources to the US market to enhance its competitiveness after initially struggling to meet demand, Wan Hai president Tommy Hsieh (謝福隆) told investors on Thursday. Asia is still the largest market for Wan Hai in terms of cargo volume, the shipper said. Wan Hai this year has received two new vessels and plans to take delivery of another 10 by the end of this year, 20 next year and 14 in 2024, it added.

Source: Taipei Times June 06, 2022 03:59 UTC