Wallenius Wilhelmsen’s Q2-results demonstrate a robust performance across all three business segments. The company reported USD 477 million in EBITDA and USD 396 million in operational cash flow, underscoring its leading position in a strong market.
“Financially, commercially and operationally, it was a good quarter. Cash generation is solid providing a foundation for our business going forward,” says Lasse Kristoffersen, CEO at Wallenius Wilhelmsen.
Shipping excelled – challenges persisted
Shipping excelled by achieving an all-time high EBITDA margin, powered by amplified volumes and improved voyage efficiency across multiple trade routes. Kristoffersen notes, “Our people are doing an outstanding job managing a high-quality operation with a safety-first approach in an environment still characterized by congestion and supply chain constraints.”
Kristoffersen goes on to say that the quarter also had its challenges. Waiting at key ports remains a challenge: One contributing factor is the recurrent delays attributed to biosecurity clearance processes in Australia. The company also encountered congestions on the West Coast of the United States, in Canada, and in the Panama Canal. Kristoffersen emphasizes that the company is stretched on capacity and points out that long-standing customers are renewing contracts at compelling market rates ensuring predictability for all parties.
Auto services in high demand
The company’s Logistics segment thrived due to robust demand for automobile services, further reinforcing the quarter's vigor. Similarly, the Government Services sector demonstrated noteworthy EBITDA growth due to heightened U.S. government activities.
New contracts
The quarter also showcased notable achievements, including a significant contract signing with a leading electric vehicle manufacturer, extending until the end of 2025. In addition, a contract securing sustainable biofuel, already underway, was another key accomplishment.
Throughout Q2, the company observed a positive trend in emission reduction and an enhancement in safety performance. These developments further cement Wallenius Wilhelmsen's dedication to a progressive and sustainable future.
Fleet renewals
Recently, after Q2 was concluded, the company signed a letter of intent outlining the delivery of four vessels with a capacity of 9,350 CEU, methanol-capable and ammonia-ready, alongside individual options for an additional eight newbuildings. The four vessels, designated as the “Shaper Class,” will be delivered from mid-2026 and onwards.
"We are securing our position as our customers’ first choice in shipping and delivering on our strategy to provide a net-zero emission free service by 2027,” says Kristoffersen.
