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 1251 Coronavirus 511 Corp - Shipping 1030 European Union 882 Industrials - Capital Goods 623 Mode - Bulk 139 Mode - Containerized 1525 Mode - Seaborne 1846 U.S. 5404

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 Container-line Maersk has withdrawn its full year guidance citing “material uncertainties and lack of visibility”.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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