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<item><link>http://www.alacrastore.com/storecontent/bir/1201303</link><bir:docid xmlns:bir="http://www.alacra.com/bir">1201303</bir:docid><guid isPermaLink="false">bir/1201303</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:company xmlns:bir="http://www.alacra.com/bir">Wan Hai Lines Company Inc.</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Taiwan</bir:cou><pubDate>30 Oct 2009 06:29:58 EST</pubDate><bir:descr xmlns:bir="http://www.alacra.com/bir">Transportation: Ship owner and operator of passenger and freight services</bir:descr><bir:exch xmlns:bir="http://www.alacra.com/bir">TAIWAN</bir:exch><bir:naics xmlns:bir="http://www.alacra.com/bir">483111</bir:naics><bir:revenue xmlns:bir="http://www.alacra.com/bir">K</bir:revenue><bir:sic xmlns:bir="http://www.alacra.com/bir">4412</bir:sic><bir:size xmlns:bir="http://www.alacra.com/bir">F</bir:size><bir:snaics xmlns:bir="http://www.alacra.com/bir">483112</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">483113</bir:snaics><bir:ssic xmlns:bir="http://www.alacra.com/bir">4424</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">4481</bir:ssic><bir:ticker xmlns:bir="http://www.alacra.com/bir">2615</bir:ticker><title>Wan Hai Lines Company Inc.</title><description>Transportation: Ship owner and operator of passenger and freight services</description><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_187292_600069552</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_187292_600069552</moodys:docid><guid isPermaLink="false">moodys/PR_187292_600069552</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>24 Sep 2009 05:03:55 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Wan Hai Lines Ltd.</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">MISC Berhad</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">MISC Berhad; Wan Hai Lines Ltd.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600069552</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600061053</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">23 Sep 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's says Asian liner profits still pressured; but better than global peers</title><description>Global Credit Research Announcement ## SEP ####   Announcement: Wan Hai Lines Ltd. 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Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/723770</link><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">723770</spcred:docid><guid isPermaLink="false">spcred/723770</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>26 May 2009 08:35:00 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Research Update: Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><description>The latest Research Update from S&amp;P</description><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Taiwan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Marine</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20303010 203030 2030 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Wan Hai Lines Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">368695</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2615@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">SGP</spcred:index_entry_seccountry><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Wan Hai Lines (Singapore) Pte. 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Ltd.</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Wan Hai Lines Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Wan Hai Lines (Singapore) Pte. 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Moody's downgrades Wan Hai's ratings; outlook negative Approximately US$ ### million of debt affected Hong Kong, May ##, #### -- Moody's...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_176450_808327215</link><guid isPermaLink="false">moodys/PR_176450_808327215</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_176450_808327215</moodys:docid><description>Global Credit Research Rating Action # APR ####   Rating Action: Wan Hai Lines (Singapore) Pte. Ltd. Moody's reviews Wan Hai's ratings for possible downgrade Approximately US$ ### million of debt affected Hong Kong, April ##, #### --...</description><pubDate>03 Apr 2009 04:46:26 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Wan Hai Lines Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Wan Hai Lines (Singapore) Pte. Ltd.; Wan Hai Lines Ltd.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600069552</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><title>Moody's reviews Wan Hai's ratings for possible downgrade</title><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/687551</link><guid isPermaLink="false">spcred/687551</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest News from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>04 Dec 2008 04:29:48 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">687551</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Taiwan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Marine</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Transportation</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">TAIPEI (Standard&amp;Poor's) Dec. 4, 2008--Standard&amp;Poor's Ratings Services today said it had lowered its corporate credit rating on Wan Hai Lines Ltd. to 'BB+' from 'BBB-'. At the same time, we lowered the issue rating on the unsecured corporate bonds of Wan Hai's wholly owned subsidiary, Wan Hai Lines (Singapore) Pte. Ltd., to 'BB' from 'BB+'. The ratings were removed from CreditWatch with negative implications, where they were placed on Nov. 17, 2008. The outlook on the corporate credit rating is negative. The rating action is based on the heightened industry risks that Wan Hai faces as the global shipping market is likely to weaken further over the next several quarters due to rapidly slowing demand amidst</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20303010 203030 2030 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Wan Hai Lines Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">368695</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2615@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Transportation</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/687552</link><guid isPermaLink="false">spcred/687552</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Research Update from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>04 Dec 2008 04:29:48 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Research Update: Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">687552</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Taiwan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Marine</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Transportation</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">On Dec. 4, 2008, Standard&amp;Poor's Ratings Services lowered its corporate credit rating on Wan Hai Lines Ltd. to 'BB+' from 'BBB-'. At the same time, we lowered the issue rating on the unsecured corporate bonds of Wan Hai's wholly owned subsidiary, Wan Hai Lines (Singapore) Pte. Ltd., to 'BB' from 'BB+'. The ratings were removed from CreditWatch with negative implications, where they were placed on Nov. 17, 2008. The outlook on the corporate credit rating is negative. The rating action is based on the heightened industry risks that Wan Hai faces as the global shipping market is likely to weaken further over the next several quarters due to rapidly slowing demand amidst the global economic downturn. Wan Hai's</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20303010 203030 2030 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Wan Hai Lines Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">368695</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2615@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">SGP</spcred:index_entry_seccountry><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">20303010 203030 2030 20</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Wan Hai Lines (Singapore) Pte. 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