Wilh Wilhelmsen's dragged down by RoRo activities

Shipping and logistics group Wilh. Wilhelmsen achieved improved operations overall, though profits from RoRo and logistics decreased.

BY OLE ANDERSEN

Norwegian shipping and logistics group Wilh. Wilhelmsen achieved an operating profit of USD 80 million in the 2nd quarter 2014, compared to USD 106 million in the same periode last year. The result was negatively affected by USD 22 million in costs related to the restructuring of Wilh. Wilhelmsen ASA, which operates the group's car and RoRo activities, according to the company's interim report, published Thursday.

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Wilh Wilhelmsen's dragged down by RoRo activities

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs