Wan Hai Lines denies rumors of a transpacific trade boycott with a new joint service
Wan Hai Lines has dispelled rumors that it will exit the transpacific trade by launching an Asia-US east coast service in collaboration with Hapag-Lloyd. The carrier is merging two services into one and expanding its fleet to include vessels ranging in size from 8,500 to 13,100 teu. Hapag-Lloyd will be the new joint operator of the AA7 service, which will increase employment at Wan Hai’s 18 new buildings. Because environmental regulations could cause the carrier to lose 6%-10% of its fleet, it is deploying larger ships in the transpacific lane while diverting smaller ships to intra-Asian lanes.
Source of information – The Loadstar
Seems like Wan Hai is taking a strategic approach to boost its competitiveness in the transpacific lane by deploying larger ships, while diverting smaller ships to its core intra-asia lanes