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 Container-line Maersk has withdrawn its full year guidance citing “material uncertainties and lack of visibility”.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