Year-to-date feeder ship newbuilding tally exceeds 100 with Wan Hai orders.
A high number of ships have been sold in recent months, weakening fundamentals impact on market.
Liner operator’s main shareholder appears to be losing patience with poor earnings.
Before the peak-season profit boost, its financial performance had been lagging far behind that of the previous year.
Continuing question marks over Tanzania’s mega-port project have given local rivals the chance to join the race to dominate the container trade in east Africa.
Latest initiative to tap blockchain includes CMA CGM, COSCO, Evergreen, Yang Ming, DP World, PSA International, and CargoSmart.
South Korean feeder operator places order after obtaining financing through Korea Ocean Business Corporation.
Orders add to growing trend in feeder vessel newbuildings amid rising charter rates.