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Coronavirus: Wallenius Wilhelmsen to mothball vessels

Wallenius Wilhelmsen says it will withdraw a planned $60m dividend, recycle up to four vessels and lay up 10 vessels. That follows ferry company DFDS and tanker operator Stolt-Nielsen pulling their dividends last week as coronavirus hits demand

Wallenius Wilhelmsen also says it will delay land-based projects, cut capital expenditure and axe planned scrubber fits

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