Car carrier Wallenius Wilhelmsen, which is listed on the Oslo Stock Exchange, plans to reactivate nine of the carrier's 16 inactive vessels in the first quarter of this year to replace vessels that have currently been chartered on short-term contracts, according to a press release.
When the Covid-19 pandemic was at its worst and the market challenges at their greatest, Norwegian Wallenius Wilhelmsen decided to save money and cut costs. In part, this was done by canceling dividends and by removing capacity by cold stacking them, a process that ceases all operations on board the vessels.
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