Taiwan’s Wan Hai Lines is looking to take its spending on containership newbuildings to more than $1.1bn.

The liner company is said to be holding discussions with Hyundai Heavy Industries for up to six 13,000-teu vessels.

Shipbuilding sources said Wan Hai is looking to order five or six newbuildings at the South Korea shipyard for delivery in 2023.

They described the newbuildings talks between the two companies to be “progressing well” and the signing of the containerships contract may take place by April.