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WAN HAI LINES sees record revenue and profits

MONews
2 Min Read
WAN HAI Line Ships are ships of Port Liberty Bayonne, New Jersey. (Photo: Port authorities in New York and New Jersey)

Wan Hai Lines, a container carrier, recorded record revenue from $ 33 million in 2023 in 2023.

Evergreen Marine and Yang Ming, one of Taiwan’s large liner operators (2615.TW), said net profit also grew to $ 14.4 billion in 2023 with a loss of $ 175.5 million.

The carrier saw a sharp result in a ship on longer voyages and increased the transportation speed by absorbing the capacity from the Red Sea.

The world’s 11th largest marine route’s operating profit increased from $ 47.5 million to $ 1.55 billion, while tax profits increased from $ 58.4 billion to $ 1.88 billion.

The income per share is 51 cents.

The total margin was 34.9%and the operating margin was 31.2%.

The company operates 110 ships and has a total capacity of 507,000 feet. There are 31 container ships in order and the total capacity is 331,000 TEUS.

Find more articles from Stuart Chirls here.

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Post WAN HAI LINES sees record revenue and profits First appeared Cargo wave.

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