Wan Hai Lines Orders Two Methanol Dual-fuel Container Ships

value to between USD 375,260,000 and USD 408,000,000. This cost includes funds allocated for upgrading the vessels' equipment. The deal with SAMSUNG HEAVY INDUSTRIES CO., LTD. was conducted through a negotiated agreement, with prices referenced from recent market trends. The decision to proceed with the purchase was made by the board of directors, ensuring alignment with the overall strategic goals of Wan Hai Lines . There are no existing relationships between SAMSUNG HEAVY INDUSTRIES and Wan Hai Lines , confirming that this transaction does not involve any related parties. Payment and delivery specifics are set according to the contractual agreements. Wan Hai Lines emphasizes that the acquisition is part of its broader strategy for long-term development and improved operational effectiveness. No objections were raised by the board, demonstrating unanimous support for the investment decision.