Global ro-ro shipping and logistics provider Wallenius Wilhelmsen reported a record second quarter for 2024 with EBITDA of USD 507 million and a net profit of USD 315 million.
“Q2 2024 is the strongest quarter on record with all-time-high EBITDA. We see continued high utilisation and increasing rates across our business and are very happy to see logistics and government deliver their strongest EBITDA to date”, said Lasse Kristoffersen, president, and ceo at Wallenius Wilhelmsen.
Of the USD507 million, its shipping activtities made up USD409 million, logistics accounted for USD60 million, and government work USD48 million. Kristoffersen added: “We remain confident that 2024 will be another strong year for Wallenius Wilhelmsen and expect EBITDA for the year to be somewhat better than 2023.”
During the second quarter of 2024, the company also placed an order for four additional newbuildings, bringing the number of Shaper-class vessels on order to 12. In terms of personnel, Mike Hynekamp was appointed as chief strategy and corporate development officer, meanwhile, cfo Torbjørn Wist resigned from the firm.
In May, the company agreed to sell Melbourne International RoRo & Auto Terminal (MIRRAT) to Australian Amalgamated Terminals for AUD332.5 million (USD221.4 million).
