Wallenius Wilhelmsen returns to profit as volumes recover
Ocean volumes started to recover from their second-quarter lows, but were still 23% below the year-earlier period. The company said aggressive cost-cutting early in the pandemic helped it cope
Wallenius Wilhelmsen returned to a $4m profit in the third quarter and expects recovery in auto volumes to continue. But the Oslo-listed car carrier company expects more volatility until markets return to normal, and says the virus’ impact on production in parts of the world is hard to predict
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