Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd has partnered with the Singapore-based Synergy Marine Group, a major player in ship management, to create a joint venture named Wisdom Synergy Ship Management (WSSM). Based in Singapore, WSSM also operates key centers in Taiwan and India, reflecting the global scope of this collaboration. This venture follows Wisdom Marine’s earlier decision to entrust a portion of its fleet management to Synergy Marine Group. Founded by James Lan in 1999, Wisdom Marine, headquartered in Taipei, boasts ownership of over 100 bulk carriers. The formation of WSSM marks a significant step for Wisdom Marine, aiming to enhance the operational safety and efficiency of its fleet. This initiative also emphasizes the company’s dedication to sustainable practices and the welfare of its crew, as highlighted by Wisdom Marine’s CEO, James Lan. Synergy Marine Group, which manages an impressive fleet of over 650 ships, views the partnership with Wisdom Marine as a prestigious alliance. This strategic collaboration between Wisdom Marine Group and Synergy Marine Group is rooted in mutual respect and shared objectives, symbolizing a strong commitment to excellence and innovation in the global shipping industry. 1-January-2024
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd has reduced its involvement in the large bulk carrier sector. The Taiwanese shipping giant Wisdom Marine Lines Co Ltd had been testing the shipping market for some time with 2012 built newcastlemax bulk carrier MV Blue Horizon and 2012 built newcastlemax bulk carrier MV Clear Horizon. Lan Chun Sheng-led shipowner and operator Wisdom Marine Lines Co Ltd has now finalized a sale, with Hamburg-based shipowner and operator Neu Seeschiffahrt agreeing to pay $61 million for both newcastlemax bulk carriers. Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd has been actively streamlining its fleet, selling several ships every month since March 2023. This has resulted in a reduction of the average age of Wisdom Marine Lines Co Ltd’s fleet to a mere six years. 26-September-2023
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd is expanding its orderbook by acquiring additional handysize bulk carriers. According to an official filing, Wisdom Marine Lines Co Ltd, headquartered in Taipei, announced its intention to invest $34 million in a 42,200 deadweight tonnage (dwt) bulk carrier, which will be constructed at Tsuneishi Shipbuilding. This acquisition is in addition to the three (3) 82,300 deadweight tonnage (dwt) kamsarmax bulk carriers currently under construction at the same shipyard. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd, the largest dry bulk shipowner in the country, already possesses more than 130 vessels, with 16 more on order, not including this latest agreement. In a recent transaction, Wisdom Marine Lines Co Ltd secured three (3) 40,000 dwt handysize bulk carriers for a total of $96 million. Three (3) 40,000 dwt handysize bulk carriers will be built by Saiki Heavy Industries of the Onomichi Dockyard. Furthermore, the company has also placed orders for two (2) 40,000 dwt handysize bulk carriers at Namura Shipbuilding, with a price tag of $66 million and expected delivery in 2026. Additionally, two more bulk carriers have been ordered from Nihon Shipyard, a joint venture between Imabari Shipbuilding and Japan Marine United. 20-June-2023
Taiwanese shipping company Wisdom Marine Lines Co. Ltd has placed an order for two additional handysize bulk carriers at Nihon Shipyard in Japan. Nihon Shipyard is a shipbuilding company that operates as a joint venture between Imabari Shipbuilding and Japan Marine United. Last week, Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd ordered two handysize bulk carriers at Namura Shipbuilding in Japan. Wisdom Marine Group is presently the largest dry bulk shipowner in Taiwan in terms of the number of vessels it owns. Wisdom Marine Group’s subsidiary, Wisdom Marine Lines Co Ltd, currently operates a fleet of 148 bulk carriers. 5-April-2023
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd ordered two (2) handysize bulk carriers at a shipyard in Japan. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd breaks ordering hiatus to order two (2) 40K DWT handysize bulk carrier new-buildings at Namura Shipbuilding. Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd will spend $66 million for two (2) handysize bulk carriers. Wisdom Marine Lines Co Ltd will take the delivery of two (2) handysize bulk carriers in 2026. Taipei-based shipowner and operator Wisdom Marine Lines Co Ltd is part of Wisdom Marine Group. Two (2) 40K DWT handysize bulk carrier new-buildings will operate on conventional bunkers. Currently, Wisdom Marine Group is the largest dry bulk shipowner in Taiwan by number of ships. Wisdom Marine Lines Co Ltd has a fleet of 148 bulk carriers. 20-March-2023
Taiwanese shipowner and operator Wisdom Marine has ordered four (4) handysize bulk carrier new buildings in Japan. Wisdom Marine has ordered two (2) handysize bulk carrier new buildings at Imabari Shipbuilding and two (2) handysize bulk carrier new buildings at Namura Shipbuilding. Wisdom Marine is going to pay around $116 million in total. Wisdom Marine is going to get the delivery of four (4) handysize bulk carrier new buildings in 2023 and 2024. Four (4) handysize bulk carrier buildings were part of the Wisdom Marine’s fleet renewal programme that is intended to adjust the fleet for future environmental provisions. Wisdom Marine’s four (4) handysize bulk carrier new buildings will comply with the Energy Efficiency Design Index (EEDI)’s Phase 3 standards, which become mandatory for bulker new buildings in 2025. In June 2021, Taiwanese shipowner and operator Wisdom Marine ordered three (3) kamsarmax bulk carrier new buildings in China for around $102 million in total. Wisdom Marine’s three (3) kamsarmax bulk carrier new buildings will also comply with the Energy Efficiency Design Index (EEDI)’s Phase 3 and the IMO’s (International Maritime Organization’s) NOx Tier III standards. Taiwanese shipowner and operator Wisdom Marine plans to order ultramax bulk carrier new buildings soon. Currently, Taipei-listed shipowner and operator Wisdom Marine has a mixed fleet of 137 ships. 26-July-2021
Taiwanese shipowner and operator Wisdom Marine ordered three (3) kamsarmax 82K DWT new building bulk carriers at Tsuneishi Group Shipbuilding for around $102 million in total. Wisdom Marine is scheduled to take delivery of three (3) kamsarmax 82K DWT new building bulk carriers in 2023. Three (3) kamsarmax 82K DWT new building bulk carriers will comply with the Energy Efficiency Design Index (EEDI)’s Phase 3 standards, which become mandatory for bulker new buildings in 2025. Wisdom Marine announced the order was part of the company’s fleet renewal plan. Furthermore, Wisdom Marine has three (3) handysize bulk carriers and a 5,000-cbm LPG carrier under construction at Japanese shipyards. Currently, Wisdom Marine owns and operates a mixed fleet of 137 ships. 27-June-2021
Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd ordered one (1) handysize bulk carrier new-building 37K DWT in Japan. Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd will pay around $24 million to Onomichi Dockyard Co for one (1) handysize bulk carrier new building. Taipei-based shipowner and operator Wisdom Marine Lines Co Ltd did not disclose when the company is expected to take delivery of the handysize bulk carrier new-building. Handysize bulk carrier new-building order comes just weeks after Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd opted to order a pair of kamsarmax bulk carrier newbuildings at Tsuneishi Zhoushan Shipbuilding. In October, Wisdom Marine Lines Co Ltd’s BOD (Board of Directors) approved a proposal to order the 82K DWT kamsarmax bulk carrier newbuildings for $33 million each. At the beginning of 2019, Taipei-based shipowner and operator Wisdom Marine Lines Co Ltd ordered one (1) ultramax bulk carrier new-building 63K DWT at Tsuneishi Zhoushan Shipbuilding for $31 million. Wisdom Marine Lines Co Ltd will take the delivery of the ultramax bulk carrier new-building in Q1 2021. Currently, Wisdom Marine Group is the largest dry bulk shipowner in Taiwan by the number of ships. Wisdom Marine Lines Co Ltd has a fleet of 133 bulk carriers. 1-December-2019
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd ordered two (2) kamsarmax bulk carrier new-buildings at Tsuneishi Zhoushan Shipbuilding. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd expressed to be attracted by Tsuneishi Zhoushan Shipbuilding’s reasonable price and shipbuilding quality. Wisdom Marine Lines Co Ltd’s BOD (Board of Directors) has approved a proposal to order the two (2) 82K DWT kamsarmax bulk carrier new-buildings at Tsuneishi Zhoushan Shipbuilding for $33 million each. Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd has been in a fleet expansion and renewal programme. This will be the second new building contract that Taipei-based shipowner and operator Wisdom Marine Lines Co Ltd has awarded this year to Tsuneishi Zhoushan Shipbuilding. Tsuneishi Zhoushan Shipbuilding is a China-based shipyard controlled by Japan’s Tsuneishi Group. In March, Wisdom Marine Lines Co Ltd commissioned the Tsuneishi Zhoushan Shipbuilding to build one (1) 63K DWT ultramax bulk carrier new building. Wisdom Marine Lines Co Ltd will take the delivery of the ultramax bulk carrier new building in March 2021. Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd will pay around $31 million for the ultramax bulk carrier new building. Wisdom Group’s subsidiary company Wisdom Marine Lines Co Ltd has 15 bulk carriers under construction at Japanese-owned yards including Japan Marine United (JMU), Imabari Shipbuilding, Namura Shipbuilding, and Kawasaki Heavy Industries (KHI). Wisdom Marine Lines Co Ltd will take delivery of two (2) 61K DWT ultramax bulk carrier new buildings from Kawasaki Heavy Industries (KHI) in Q4 2019 and the remaining bulk carrier new buildings between 2020 and 2021. Wisdom Marine Lines Co Ltd has sold four (4) Japanese-built handysize bulk carriers this year. Currently, Wisdom Marine Group is the largest dry bulk shipowner in Taiwan by the number of ships. Wisdom Marine Lines Co Ltd has a fleet of 133 bulk carriers. Wisdom Marine Lines Co Ltd’s fleet comprises small handysize to capesize bulk carriers. Furthermore, Wisdom Marine Group has a handful of container ships, single-deckers, ro-ro, and a small LPG carrier. 29-October-2019
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd sold 2014 built handysize bulk carrier 34K DWT MV Daiwan Ace to a Greek shipowner for around $15.3 million. Namura Shipbuilding-built MV Daiwan Ace will be chartered out to the trading giant Cargill for the long-term by the new owners. This seems like an unusually long charter, particularly for a handysize, and it resembles a financing arrangement for the MV Daiwan Ace. Furthermore, Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd sold the sistership 2014 built handysize bulk carrier 34K DWT MV Daiwan Brave to a Greek shipowner for around $15.5 million. Nevertheless, MV Daiwan Brave is not being linked to a long-term charter. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd stated last month that the company plans to boost the pace of its sales by offloading 5 to 10 bulk carriers as part of Wisdom Marine Lines Co Ltd’s fleet renewal. Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd has a substantial order book in the shipyards. Since January 2018, Wisdom Marine Lines Co Ltd has ordered 15 bulk carriers at Japanese and Chinese yards, including four (4) ultramax bulk carriers, five (5) panamax bulk carriers, and, most recently, a pair of handysize bulk carriers from Imabari Shipbuilding. Wisdom Marine Lines Co Ltd aims to keep a younger fleet. 2014 built handysize bulk carrier 34K DWT MV Daiwan Ace and the sistership 2014 built handysize bulk carrier 34K DWT MV Daiwan Brave are exactly the type of handysize bulk carriers that attract the most interest from the shipowners. Improving dry bulk freight rates are standing in the way of increased activity in the S&P (Sale and Purchase) market. 9-July-2019
Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd has quadrupled earnings in 2018 as revenue increased. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd reported a net profit of $58.3 million for 2018. Wisdom Marine Lines Co Ltd reported revenue of $428 million for 2018. Wisdom Marine Lines Co Ltd reported operating costs of $309 million for 2018. Last week, Taipei-based shipowner and operator Wisdom Marine Lines Co Ltd disclosed plans to raise almost $71 million from the sale of bonds and new shares for fleet expansion, installation of BWTS (ballast water treatment systems), and debt repayments. Wisdom Group’s subsidiary Wisdom Marine Lines Co Ltd offers to sell up to 80 million new shares which will be used for fleet expansion. In March 2019, Wisdom Marine Lines Co Ltd stated the company would order a 38K DWT handy bulk carrier at Namura Shipbuilding for around $25 million and a 63K ultramax bulk carrier bulker at Tsuneishi Shipbuilding for around $31 million. Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd will take the delivery of the bulk carrier new buildings in 2021. Currently, Wisdom Marine Lines Co Ltd has a fleet of 132 bulk carriers. 10-April-2019
Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd has disclosed plans to raise around $71 million from the sale of bonds and new shares for fleet expansion, installation of BWTS (ballast water treatment systems), and debt repayments. Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd offers to sell up to 80 million new shares. Chun-Sheng Lan-led shipowner and operator Wisdom Marine Lines Co Ltd has not included scrubbers in the latest new building ship contracts but Wisdom Marine Lines Co Ltd might consider installing scrubbers at a later stage. Separately, Wisdom Marine Lines Co Ltd’s BOD (Board of Directors) has approved a plan to raise $45 million via sales of secured bonds in the Taiwan Stock Exchange for installing BWTS (ballast water treatment systems) on the company’s existing fleet and repaying debt. The five-year bonds will be attached with an annual interest rate of 0.86%. Taiwan Cooperative Securities will be the underwriter for Wisdom Marine Lines Co Ltd’s bonds. Wisdom Marine Lines Co Ltd reported a net profit of $60 million on operating revenues of $433 million in 2018. Currently, Taiwan Stock Exchange-listed shipowner and operator Wisdom Marine Lines Co Ltd has a fleet of 131 bulk carriers. Furthermore, Wisdom Group’s subsidiary company Wisdom Marine Lines Co Ltd has 14 bulk carrier new building orders in China and Japan. Wisdom Marine Lines Co Ltd is the world’s third largest shipowner of handysize bulk carriers by the number of vessels. 1-April-2019
Taiwanese shipowner and operator Wisdom Marine acquired supramax dry bulk carrier at a knockdown price. Taiwanese shipowner and operator Wisdom Marine is paying 14.65 million for 2012 built supramax dry bulk carrier 58K DWT M/V Sunrise Sky with 7 year bareboat charter with purchase obligation, at the end of which Wisdom will pay the remaining balance and own M/V Sunrise Sky outright. M/V Sunrise Sky will be delivered in Shanghai, China. Taiwanese shipowner and operator Wisdom Marine has a fleet of 114 ships and mostly handysize dry bulk carriers. 6-July-2017
Taiwanese shipowner and operator Wisdom Marine Group ordered two (2) ultramax dry bulk carriers $26 million for each in Japanese shipyard Kawasaki Heavy Industries. Previously in 2017, Taiwanese shipowner and operator Wisdom Marine Group ordered three dry bulk carriers. In the summer of 2017, Wisdom Marine Group exercised a purchase option on a leased handy bulk dry bulk carrier from Mitsubishi UFJ Lease & Finance Co for $14.8 million. Wisdom Marine Group will continue to expand its fleet through newbuildings and secondhand ships. Taiwanese shipowner and operator Wisdom Marine Group was founded in 1999 by Lan Chun-Sheng. Currently, Wisdom Marine Group is now Taiwan’s largest shipowner with a fleet of 124 ships. Wisdom Marine Group has 12 new buildings in order. 19-December-2017