Summary: Wan Hai Lines Ltd. - S&P Global Ratings’ Credit Research

Summary: Wan Hai Lines Ltd.

Summary: Wan Hai Lines Ltd. - S&P Global Ratings’ Credit Research
Summary: Wan Hai Lines Ltd.
Published Jul 21, 2010
1518 words — Published Jul 21, 2010
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The rating on Wan Hai Lines Ltd. reflects the highly cyclical nature of the container shipping industry, the company's relatively high leverage, as well as its somewhat limited operating scale and weak presence on long-haul routes. Counterbalancing factors include the company's strong market position in intra-Asia container routes and its high operational flexibility. Wan Hai is not immune from the high cyclicality of the global container shipping industry. The deepest ever industry downturn in the company's history plunged its operations into losses in the fourth quarter of 2008 and the first quarter of 2009, despite the company's swift withdrawal from its long-haul operations. We expect Wan Hai's high debt accumulated during the past few years to lower its capacity to

  
Brief Excerpt:

RESEARCH Summary: Wan Hai Lines Ltd. Publication date: 21-Jul-2010 Primary Credit Analyst: Raymond Hsu, CFA, Taipei (8862) 8722-5827; raymond_hsu@taiwanratings.com.tw Secondary Credit Analyst: Shirly Kuo, CFA, Taipei (8862) 8722-5829;...

  
Report Type:

Summary

Ticker
2615@TT
Issuer
Wan Hai Lines Ltd.
GICS
Marine (20303010)
Sector
Global Issuers
Country
Taiwan
Region
Emerging Markets
Format:
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Summary: Wan Hai Lines Ltd. – 2011/01/05 – US$ 225.00

Summary: Wan Hai Lines Ltd. – 2011/07/07 – US$ 225.00

Wan Hai Lines Ltd. – 2011/08/03 – US$ 500.00

Summary: Wan Hai Lines Ltd. – 2012/02/15 – US$ 225.00

Wan Hai Lines Ltd. – 2012/05/31 – US$ 500.00

Wan Hai Lines Ltd. – 2010/07/21 – US$ 500.00

Summary: Wan Hai Lines Ltd. – 2010/02/10 – US$ 225.00

Wan Hai Lines Ltd. – 2009/07/01 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Wan Hai Lines Ltd." Jul 21, 2010. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Wan-Hai-Lines-Ltd-810350>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Wan Hai Lines Ltd. Jul 21, 2010. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Wan-Hai-Lines-Ltd-810350>
  
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