{"id":22977,"date":"2026-05-06T10:36:56","date_gmt":"2026-05-06T10:36:56","guid":{"rendered":"https:\/\/projectcargoglobal.com\/?p=22977"},"modified":"2026-05-06T10:36:56","modified_gmt":"2026-05-06T10:36:56","slug":"wallenius-wilhelmsen-delivers-stable-q1-performance","status":"publish","type":"post","link":"https:\/\/projectcargoglobal.com\/?p=22977","title":{"rendered":"Wallenius Wilhelmsen delivers stable Q1 performance"},"content":{"rendered":"<p><strong>Wallenius Wilhelmsen reported adjusted EBITDA of USD 389 million in the first quarter of 2026, slightly below the previous quarter. <\/strong><\/p>\n<p>\u201cShipping demand remains very strong with solid volumes and high utilization, especially ex-Asia. At the same time, the conflict in the Middle East and an increasingly tight charter market is putting pressure on net bunker and capacity costs,\u201d says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.<\/p>\n<p>Total revenues in Q1 were USD 1,253m, and was down 1% QoQ with seasonally lower revenues for Shipping services partly offset by increased revenues for Logistics services. Net profit for Q1 was USD 177m compared to USD 175m in Q4.<\/p>\n<p>\u201c2026 will be affected by the current cost surge, and the situations underpins the value of our financial commercial and operational\u202fstrength,&#8221; says Kristoffersen.<\/p>\n<p>Wallenius Wilhelmsen expects 2026 to be another solid year. However, due to increased net bunker and capacity cost for Shipping services and a soft start to the year for Government services, the outlook has been adjusted. Adjusted EBITDA for 2026 is now expected to end about USD 1.6bn, down from USD 1.65-1.75bn.<\/p>\n<p>Geopolitics continue to impact our operations as the conflict in the Middle East leaves us with one vessel inside the Strait of Hormuz and a landbased operation in Dubai with limited operations.<\/p>\n<p>&#8220;We are relieved that the ground and vessels staff affected by the Middle East conflict are safe.&#8221; Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.<br \/>\nBeyond that, the main impact on operations is linked to increased fuel cost and the company expects that to impact our results in the coming quarter. Over time, a full cost recovery under the BAF clauses is expected.<\/p>\n<p>Q1 highlights: Adjusted EBITDA for Q1 2026 ended at USD 389m, down 3% QoQ, reflecting seasonally softer results for Shipping partly offset by improved results in Logistics<br \/>\nShipping demand, especially from Asia, continues to grow with an increasingly tight charter-in market putting pressure on capacity cost; Logistics delivered a strong quarter, supported by cost measures and higher auto volumes, while Government had a soft start to the year partly explained by a seasonally lower activity level; Direct commercial impact from the Middle East conflict is limited with only 2-3% of revenues linked to the region. However, the indirect effect of higher fuel cost in Q2 will be substantial before costs are recovered through BAF clauses in subsequent quarters; Adjusted EBITDA for 2026 is expected to be about USD 1.6bn, down compared to the previous outlook, primarily reflecting higher net bunker and capacity cost for Shipping.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wallenius Wilhelmsen reported adjusted EBITDA of USD 389 million in the first quarter of 2026, slightly below the previous quarter.<\/p>\n","protected":false},"author":9,"featured_media":22978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[1050],"class_list":["post-22977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-wallenius-wilhelmsen"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/05\/Wallenius-Wilhelmsen-Q1-2026-.jpeg?fit=640%2C356&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paPyrk-5YB","jetpack-related-posts":[{"id":21230,"url":"https:\/\/projectcargoglobal.com\/?p=21230","url_meta":{"origin":22977,"position":0},"title":"South Enabler named in Turku","author":"Project Cargo Global","date":"September 15, 2025","format":false,"excerpt":"On September 11, the latest addition to the WALLENIUS SOL fleet was officially named in the Port of Turku, Finland. The ceremony brought together representatives from WALLENIUS SOL, crew, politicians and representatives of trade and industry. FOLLOWING WALLENIUS SOL\u2019S acquisition of British Mann Lines earlier this year, the fleet was\u2026","rel":"","context":"In &quot;Latest News&quot;","block_context":{"text":"Latest News","link":"https:\/\/projectcargoglobal.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/09\/South-Enabler-named-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/09\/South-Enabler-named-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/09\/South-Enabler-named-.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21833,"url":"https:\/\/projectcargoglobal.com\/?p=21833","url_meta":{"origin":22977,"position":1},"title":"WALLENIUS SOL and Holmen enter long-term partnership","author":"Project Cargo Global","date":"November 18, 2025","format":false,"excerpt":"WALLENIUS SOL and Holmen have signed a long-term shipping agreement covering exports of premium paperboard from Holmen\u2019s mill in Iggesund, Sweden. Under the new agreement, WALLENIUS SOL will handle sea transport to key European markets using its modern, energy-efficient fleet. The cargo will be discharged in Kiel, Germany \u2013 a\u2026","rel":"","context":"In &quot;Latest News&quot;","block_context":{"text":"Latest News","link":"https:\/\/projectcargoglobal.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/11\/Wallenius-SOL-Holmen.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/11\/Wallenius-SOL-Holmen.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/11\/Wallenius-SOL-Holmen.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21515,"url":"https:\/\/projectcargoglobal.com\/?p=21515","url_meta":{"origin":22977,"position":2},"title":"WALLENIUS SOL takes next step with LBG","author":"Project Cargo Global","date":"October 9, 2025","format":false,"excerpt":"From October, Baltic Enabler and Botnia Enabler are operating on Liquefied Biogas (LBG). The partnership with Gasum marks another milestone on the company\u2019s Climate Roadmap, benefiting both customers and the environment. SINCE OCTOBER, WALLENIUS SOL has transitioned its vessels Baltic Enabler and Botnia Enabler from LNG to liquefied biogas (LBG).\u2026","rel":"","context":"In &quot;Latest News&quot;","block_context":{"text":"Latest News","link":"https:\/\/projectcargoglobal.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/10\/WALLENIUS-SOL-LBG-1-2.png?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/10\/WALLENIUS-SOL-LBG-1-2.png?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/10\/WALLENIUS-SOL-LBG-1-2.png?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":22873,"url":"https:\/\/projectcargoglobal.com\/?p=22873","url_meta":{"origin":22977,"position":3},"title":"Wallenius Lines becomes sole owner of Wallenius SOL","author":"Project Cargo Global","date":"April 15, 2026","format":false,"excerpt":"Wallenius Lines has entered into an agreement to acquire SOL Group\u2019s shares in Wallenius SOL, thereby becoming the sole owner of the company. The new ownership structure creates long-term stability, clarity and continuity for the continued development of Wallenius SOL as an enabler of sustainable, sea-based infrastructure in Northern Europe.\u2026","rel":"","context":"In &quot;Latest News&quot;","block_context":{"text":"Latest News","link":"https:\/\/projectcargoglobal.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/04\/Wallenius-Sol-Wallenius-Lines-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/04\/Wallenius-Sol-Wallenius-Lines-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/04\/Wallenius-Sol-Wallenius-Lines-.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21727,"url":"https:\/\/projectcargoglobal.com\/?p=21727","url_meta":{"origin":22977,"position":4},"title":"WALLENIUS SOL announces strategic appointments","author":"Project Cargo Global","date":"November 4, 2025","format":false,"excerpt":"To further enhance WALLENIUS SOLs operational capacity and future-proof the organization, WALLENIUS SOL are pleased to announce two strategic appointments to the management team. Henrik Karle, previously Chief Operating Officer, will now take on the role as Fleet Director\/Chief Technical Officer (CTO). 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Maintaining a strong Swedish-flagged fleet is essential for national security and the reliable shipment of vital goods to Sweden and its allies. IN THE LAST 10 YEARS, ship registries across the Nordics,\u2026","rel":"","context":"In &quot;Latest News&quot;","block_context":{"text":"Latest News","link":"https:\/\/projectcargoglobal.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/08\/Swedish-Flag-Wallenius-Sol-.jpg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/08\/Swedish-Flag-Wallenius-Sol-.jpg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2025\/08\/Swedish-Flag-Wallenius-Sol-.jpg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/22977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22977"}],"version-history":[{"count":1,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/22977\/revisions"}],"predecessor-version":[{"id":22979,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/22977\/revisions\/22979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/media\/22978"}],"wp:attachment":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}