Australia’s disdain for the brown marmorated stink bug hampered Wallenius Wilhelmsen’s shipping operations in the first quarter, but boosted its logistics business en route to another strong result.
The Oslo-listed car carrier giant reported a $173m profit for the first three months of 2023 on the back of $1.25bn in revenue and Ebitda of $398m, its third-highest ever.
But shipping volumes dipped by 3%, in part due to congestion at Australian ports amid efforts to keep out invasive bugs and seeds.
