Carriers

Depreciations send Weco Shipping into the red for 2020

Weco Shipping exits 2020 with a deficit, mainly due to large depreciations on ships that were hit by the Covid-19 pandemic. A new tanker venture also went into the red.
Photo: Ritzau Scanpix/Asger Ladefoged
Photo: Ritzau Scanpix/Asger Ladefoged
by DANIEL LOGAN

Weco Shipping, owned by Baron Johan Wedell-Wedellsborg, was severely affected by the coronavirus pandemic in 2020, in which the company went into the red after a profitable 2019.

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