Wan Hai Lines had a net loss of $188.5 million last year

Taiwan's Wan Hai Lines will issue $320m in bonds to improve its financial structure after falling into a loss.

Wanhai posted a net loss of $188.5 million in 2023, worsening its net profit of $3.04 billion in 2022, ending 13 consecutive years of profit. Wanhai last posted a net loss in 2009, when the global financial crisis caused the company to lose $50.56 million.

Wanhai, a predominantly intra-Asian shipping company, re-entered long-haul routes in mid-2020. The company launched a separate Asia-US West Coast service that year, followed by a separate Asia-US East Coast service in 2021. To support this expansion, Wanhai acquired 18 new ships with 13,000 TEU.

However, Wanhai's fortunes began to evaporate as the pandemic-fueled boom vanished in mid-2022, with the company posting a loss in the fourth quarter of 2022. The company's losses have continued since then.

The announcement of the bond issuance was released on March 13, the same day financial results for 2023 were released. No more details, such as term and interest, were disclosed. Wanhai had net assets of $6.73 billion and total liabilities of $4.11 billion as of December 31,2023.

万海航运国际海运公司去年净亏损1.885亿美元

       中国台湾万海航运公司(Wan Hai Lines)将发行3.2亿美元债券，以改善其财务结构。此前该公司陷入亏损。

       万海在2023年净亏损1.885亿美元，较2022年30.4亿美元的净利润恶化，结束了连续13年的盈利。万海上一次公布净亏损是在2009年，当年全球金融危机导致该公司亏损5,056万美元。

       万海主要是一家亚洲内部航运公司，于2020年年中重新进入长途航线。该公司于当年启动了单独的亚洲-美国西海岸服务，随后于2021年启动了单独的亚洲-美国东海岸服务。为了支持这一扩张，万海收购了18艘13000 TEU的新船。

       然而，随着2022年年中疫情推动的繁荣消失，万海的财富开始蒸发，该公司在2022年第四季度出现亏损。自那以后，该公司的亏损仍在继续。

       债券发行的公告于3月13日发布，同一天公布了2023年的财务业绩。没有披露更多细节，比如期限和利息。截至2023年12月31日，万海的净资产为67.3亿美元，负债总额为41.1亿美元。