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Business and Finance
Source : (remove) : TradeWinds
RSS • JSON • XML • CSV

Wallenius Wilhelmsen boasts 'unique' backlog with room to run as trade-choking tariffs loom

Wallenius Wilhelmsen shares spent 2024 on a roller coaster, opening the year at NOK 90.50 ($8.04) before peaking as high as NOK 138.80 and ending the year at NOK 93.50.
The article from Tradewinds News discusses how Wallenius Wilhelmsen, a major player in the shipping industry, is experiencing a robust order backlog, which is described as unique due to its size and the diversity of its cargo, including high and heavy equipment, breakbulk, and vehicles. Despite looming trade tensions and potential tariffs, particularly between the U.S. and China, the company remains optimistic. CEO Craig Jasienski highlighted that the backlog provides a cushion against market volatility, offering stability in an uncertain trade environment. The company's strategic focus on specialized cargo and its ability to adapt to changing market conditions are seen as key strengths, allowing it to navigate through potential trade disruptions better than competitors with less diversified cargo profiles.

Read the Full TradeWinds Article at:
[ https://www.tradewindsnews.com/containers/wallenius-wilhelmsen-boasts-unique-backlog-with-room-to-run-as-trade-choking-tariffs-loom/2-1-1778606 ]