Subscribe to RSS feedWilhelmsen warns of difficult year
Norwegian shipping group Wilh. Wilhelmsen has reported an operating income for 2008 of $3.4bn, a 25% increase on 2007, but warned that it faces increased scrapping activity, redeliveries and possible lay-ups as it looks to a highly uncertain 2009.
Although the company predicted a number of cancellations in the global car carrier orderbook, it insists that none of the 32 newbuilding contracts within its operating groups will be cancelled.
The Oslo-listed company, which has divisions focused on shipping,...
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