Wallenius Wilhelmsen reports triple-digit million-dollar deficit

Norway's Wallenius Wilhelmsen saw its result dive by more than USD 300 million in the first quarter, in which the coronavirus has put the industry in "an unprecedented situation." Volumes could be halved in the second quarter, the car carrier estimates.

by SØREN PICO

Car carriers are currently hit hard by the corona crisis and a considerable drop in freight volumes that has caught the industry in "an unprecedented situation."

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Wilhelmsen books major loss and expects setback at Norsea
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Wallenius Wilhelmsen lays off 2,500 employees temporarily
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Car carrier scraps vessels and puts ten in lay-up
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