Wan Hai Lines has set out to expand further with a new war chest and a lease deal for a terminal in Yokohama, Japan\u2019s container port, crowned as the world\u2019s most efficient box facility<\/a><\/span> in this year\u2019s study by the World Bank and data firm IHS Markit.<\/p>\n The Taiwanese containerline has earmarked $320m more for secondhand ship acquisitions, adding to last month\u2019s war chest<\/a><\/span> of $200m, with three boxships already purchased and $360m from last year, which helped expand the fleet with 12 ships.<\/p>\n In addition, Wan Hai announced it had signed a contract with Yokohama-Kawasaki International Port Corporation (YKIP) for a 10-year lease of the Honmoku D4 terminal in Yokohama. The annual lease has been set at around JPY5.6bn ($49.5m), but the takeover date has not been revealed. The Honmoku D4 Terminal, currently operated by CMA CGM, has a total annual operating capacity of 400,000 teu and contributes to about 15% of Yokohama\u2019s port throughput.<\/p>\n According to data from Alphaliner, Wan Hai is currently the world\u2019s 10th largest liner with a 417,421 teu capacity. It operates a fleet of 148 ships, of which 87 are owned.<\/p>\n