Reported about 20 hours ago
Wan Hai Lines achieved a record revenue of $4.9 billion in 2024, up from $3.03 million in 2023, with net profits soaring to $1.44 billion compared to a loss of $175.5 million the previous year. Contributing to these impressive results were longer voyage routes that diverted vessels from the Red Sea, thereby increasing shipping rates. The company's operating profit also escalated significantly, showcasing its strong performance in the shipping industry.
Source: YAHOO