Subscribe to RSS feedCar market has bottomed out –Wilhelmsen
by
Craig Eason, Oslo
—
last modified
Aug 13, 2009 05:07 PM
THE CAR carrier market has bottomed out, according to one shipowner. The message from the first-half and second-quarter results from Norwegian owner Wilh.
Wilhelmsen showed signs of some optimistic viewing of the horizon as government bailout packages, car recycling schemes and the scrapping and lay-up of tonnage take effect.
The company is now playing a balancing act with tonnage as it waits...
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