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Wallenius Wilhelmsen left behind as U.S. vehicle shipping recovers

Cons. Discr. - Autos 1006 Corp - Shipping 854 Earnings 555 Industrials - Capital Goods 503 Mode - Bulk 123 Mode - Seaborne 1658 Quote Watch 321 U.S. 4830

Wallenius Wilhelmsen has reported a 12.0% slide in Q4’20 revenues after a decline in roll-on, roll-off ferry shipping volumes and rates. Better times may be ahead as the firm has noted that there is “a rebound in volumes anticipated to come close to pre-COVID19 levels during 2021” which, when combined with reduced capacity, should mean the “supply-demand balance is expected to improve mid-term”. The recovery can be seen in total U.S. seaborne imports of cars, trucks, construction and other mobile machinery which rose by 27.0% year over year in January, led by commercial vehicles. Yet, Wa...

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