Wallenius Wilhelmsen digs in as COVID-19 cuts construction machinery shipments — Panjiva
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Wallenius Wilhelmsen digs in as COVID-19 cuts construction machinery shipments

Cons. Discr. - Autos 1255 Coronavirus 511 Corp - Shipping 1042 European Union 890 Industrials - Capital Goods 625 Mode - Bulk 141 Mode - Containerized 1535 Mode - Seaborne 1853 U.S. 5418

The global shipping industry has started a period of reviewing strategic plans and adjusting earnings guidance to investors. Container-line Maersk has withdrawn its full year guidance citing “material uncertainties and lack of visibility”. Vehicle carrier Wallenius Wilhelmsen meanwhile has cancelled its dividend for this year and will either recycle or mothball 14 of its 125 vessels in response to falling demand. U.S. seaborne imports of cars, trucks and commercial vehicles fell 3.3% in February, led by a 24.5% slump in shipments from Europe. Wallenius Wilhelmsen saw a fas...

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