Wan Hai orders 12 container newbuilds and gains ground on competitor

Taiwan-based Wan Hai Lines orders 12 new smaller container ships. This pushes the company a step towards taking over Zim's position as the world's 10th largest container line, says shipping analyst Lars Jensen.

Photo: Eugene Hoshiko/AP/Ritzau Scanpix

Wan Hai Lines is rapidly gaining ground on Zim, which for now maintains its position as the world's 10th largest container line, notes shipping analyst Lars Jensen after the company's announcement that it has ordered 12 new ships.

"(...) Wan Hai is not only further solidifying their position as the largest intra-Asia carrier they are for now on track to 'overtake' Zim and become the world’s 10th largest container carrier," writes Jensen in a post on LinkedIn.

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