Taiwanese carrier Wan Hai Lines has partnered with Transtotal Agencia Maritima to set up a joint-venture (JV) company in Lima, Peru.
Wan Hai Lines Peru SAC, operative since August, will provide direct services to local clients, said Wan Hai.
The company chose Peru for the JV because the country not only connects the Asian and Latin American market, but it is also one of the largest fishery products exporter and has abundant natural resources such as crude oil and natural gas.
“We believe that this move will reflect a closer knit between South America, Taiwan, and the rest of the Far East,” commented Wan Hai vice-chairman Randy Chen.
Wan Hai Lines recorded TWD3.2 billion (USD99.1 million) in profit for the January-June period, jumped 82.47% than a year earlier, while its revenue and earnings per share was TWD33.7 billion and TWD1.42, respectively.
The carrier on 17 August ceased its Euro services, and focuses on intra-Asia, Asia-United States, and Asia-South America services.