Taiwanese shipowner Wan Hai Lines has emerged as the top buyer of secondhand container ships among Asian vessel owners last year.

The company purchased a total of 13 vessels with a combined capacity of 88,637 teu for $691.85m, according to VesselsValue.

“The majority of value and capacity was driven by their purchase of four 13,118-teu new panamax resales in May 2021 from Capital Executive Ship Management,” VesselsValue junior cargo analyst Felix Mathes said.