Wallenius Wilhelmsen posted lower profit in the fourth quarter as its ocean segment lagged, but is still considering cutting its first dividend since its 2017 merger.
The Oslo-traded company posted $45m profit for the last three months of 2018, down from $86m a year ago.
It attributed the dip to lower revenue from its ocean segment, as it collected lower net freight, alongside increasing bunker prices and a weaker market overall.
