ShippingWatch

Wilh. Wilhelmsen hit on multiple fronts

Norwegian Wilh. Wilhelmsen had difficulties in several of the company's sectors in the fourth quarter 2014, according to the interim report. "Our cargo mix continued to be unfavorable," says CEO Thomas Wilhelmsen.

Photo: Presse

The shipping group Wilh. Wilhelmsen has presented a fourth quarter interim report that shows decline in several sectors.

"Despite an increase in deep sea volumes, our cargo mix continued to be unfavorable. Combined with less contribution from Hyundai Glovis this led to a decline in income in our shipping and logistics segment," says Thomas Wilhelmsen, group CEO, in the report and continues:

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