More pain is in store for car carrier owners as the effects of the pandemic linger on into the third quarter, Wallenius Wilhelmsen has said.
The Oslo-listed shipping company revealed a net loss of $69m in the second quarter, against profit of $3m in 2019.
This has increased the loss in the first half of the year to $353m.
Revenue plunged to $606m from $1bn the year before as ocean volumes dropped 45% because of the lower volumes across all trade lanes and product segments.
