Latest news from Heavy Lift & Project Forwarding International Magazine

Cautious optimism from WWH

February 13 - Wilh. Wilhelmsen Holding ASA (WWH) has seen a positive growth in deep sea volumes transported and the group's maritime services segment for the fourth quarter of 2013.

Operating profit for Q4 2013 was USD82 million, based on a total income of USD893 million, which was negatively impacted by an accrual related to a draft cease and desist order received by Wallenius Wilhelmsen Logistics (WWL) in January of this year.

"Shipping volumes increased in the fourth quarter. As expected, car volumes improved more than high and heavy volumes. There was also a positive development in all main trades, except Asia to Europe still being affected by low European demand," said Thoman Wilhelmsen, group ceo of WWH.

"The activity level in our logistics segment was slightly down due to seasonality, but more or less offset by higher contribution form Hyundai Glovis and increased distribution volumes for WWL."

Prospects for Q1 2014 are broadly in line with the activity level in Q4 2013, claims the company.

"Car volumes will develop more positively than the demand for high and heavy transportation. Combined with uncertainty related to US logistics activities and a general margin pressure in both shipping and logistics, a continued focus on efficiency measures is needed," explained Wilhelmsen.

For WWH's maritime services segment, the revenue prospects are fairly stable short term, says the company.

"While the market sentiment is improving, a continued weak shipping market impacts owners' purchasing capabilities and puts pressure on demand and operating margin. However, we welcome the positive development in the global newbuilding order book implying a continued growth in the merchant fleet and consequently an increased demand for maritime services," added Wilhelmsen.

www.wilhelmsen.com

Heavy Lift | News

ACS delivers in Japan thumbnail image

ACS delivers in Japan

August 20 - Air Charter Service (ACS) has coordinated the shipment of a 35-tonne flight simulator from Texas to Japan using a Boeing 747.
Views: 192
All aboard the Chipolbrok Moon thumbnail image

All aboard the Chipolbrok Moon

August 20 - Chipolbrok Moon has called at the port of Hamburg to load three 60 m-long units, each weighing 29 tonnes.
Views: 198
Chapman Freeborn and Maximus Air team up thumbnail image

Chapman Freeborn and Maximus Air team up

August 19 - Chapman Freeborn Airchartering and Maximus Air Cargo have transported a magnetic resonance imaging (MRI) machine to Addu Atoll in the Maldives.
Views: 260

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.