Fresh money for Wallenius Wilhelmsen
In Q2/2022, Wallenius Wilhelmsen saw its revenues grow by 4.0% to USD 1.19 billion, driven by shipping volumes and fuel surcharge revenues. Ebitda amounted to USD 311.0 million, more than doubling the ebitda of Q2/2021 and on par with Q1/2022.
Global supply chain issues continued to pose operational challenges across the group. Auto parts shortages negatively impacted customers, and thereby volumes and profitability, in the logistics segment.
The company has signed USD 800 million of new loans secured by 20 vessels at an average age of twelve years and a market value of USD 1.4 billion.
As part of the transaction, five older vessels become debt free, increasing the company's unencumbered fleet to twelve vessels. The new loans allow the company to extend debt maturities and build a war chest for future investments. (sh)