Wan Hai jumps on logistics bandwagon as freight market falters - theloadstar.com

Taiwanese liner operator Wan Hai is set to invest more in the logistics sector as it looks to ensure stable revenue. The move comes as the company fears "the freight market appears challenging in the short term," according to Chairman Chen Po-ting. Previously, Wan Hai had said it would not follow larger operators by acquiring logistics companies. Drewry's senior manager Simon Heaney said, "Past attempts to expand the scope of liner operators failed to meet expectations, but new technology offers hope that things might work out better this time around."

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