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The vehicle and construction equipment shipping services sector had a challenging 2020 and is only just starting to recover. Wallenius Wilhelmsen is bringing nine of its 16 vessels out of cold layup but “maintains its cautious volume outlook” while Grimaldi is due to take delive... Read more →
Vehicle shipping firm Wallenius Wilhelmsen reported a 39.7% year over year drop in revenues in Q2 as the global automotive industry collapsed in the wake of COVID-19. The firm’s EBITDA margin dropped by 380 basis points compared to a year earlier after capacity reductions were insuffi... Read more →
Shipping firm Wallenius Wilhelmsen has reported a 20% year over year drop in volumes of cars and construction equipment handled Q1 as a result of lower demand for autos globally and disruptions to supply chains caused by COVID-19. With demand continuing to be low and disruptions to supply c... Read more →
U.S. retail sales have slumped as a result of COVID-19 linked store closures, but imports of electricals and electronics have not kept pace – higher inventories will likely be the result. DP-DHL outperformed the freight forwarder sector average in April. Also: Sonos wins tariff lenien... Read more →
The global shipping industry has started a period of reviewing strategic plans and adjusting earnings guidance to investors. Container-line Maersk has withdrawn its full year guidance citing “material uncertainties and lack of visibility”. Vehicle carrier Wallenius Wilhelmsen me... Read more →
The logistics industry is reacting to constraints caused by the spread of coronavirus. Flexport is limiting who it ships medical supplies for as U.S. imports of medical masks fall. Wallenius Wilhelmsen is mothballing capacity to deal with lower demand. Also: a coronavirus-linked container c... Read more →
Vehicle shipping line Wallenius Wilhelmsen reported Q4 revenues that fell by 8.3% year over year. A decline in auto sales globally combined with a “commercial prioritization of volumes” – namely not chasing market share – may have dragged on volumes. U.S. seaborne im... Read more →
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