{"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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"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_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paPyrk-5YB","jetpack-related-posts":[{"id":23554,"url":"https:\/\/projectcargoglobal.com\/?p=23554","url_meta":{"origin":22977,"position":0},"title":"Wallenius Wilhelmsen pays high dividends in a strong market","author":"Project Cargo Global","date":"August 12, 2026","format":false,"excerpt":"Wallenius Wilhelmsen reported an adjusted EBITDA of USD 361m in the second quarter. \u201cWe maintain our 2026 outlook and continue to deliver on our financial targets with a dividend of USD 258 million for H1 2026, representing 82% of net profit,\u201d says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.\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\/08\/Wallenius-Wilhelmsen-high-dividends-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/08\/Wallenius-Wilhelmsen-high-dividends-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/08\/Wallenius-Wilhelmsen-high-dividends-.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":23368,"url":"https:\/\/projectcargoglobal.com\/?p=23368","url_meta":{"origin":22977,"position":1},"title":"Wallenius Wilhelmsen takes delivery of Arctic Tern","author":"Project Cargo Global","date":"July 13, 2026","format":false,"excerpt":"Wallenius Wilhelmsen has taken delivery of Arctic Tern, the first vessel in its new Shaper Class series, marking a significant milestone in the company's fleet renewal journey. With dual-fuel capability, methanol readiness and enhanced operational efficiency, Arctic Tern supports customers\u2019 growing demand for more sustainable and future-ready logistics solutions. The\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\/07\/Wallenius-Wilhelmsen-Arctic-Tern.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/07\/Wallenius-Wilhelmsen-Arctic-Tern.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/07\/Wallenius-Wilhelmsen-Arctic-Tern.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":23083,"url":"https:\/\/projectcargoglobal.com\/?p=23083","url_meta":{"origin":22977,"position":2},"title":"Wallenius Wilhelmsen expands its service","author":"Project Cargo Global","date":"May 26, 2026","format":false,"excerpt":"Wallenius Wilhelmsen has expanded its service offering to and from northern Finland and Sweden through a new cooperation with Wallenius SOL. The trade links northern Finland and Sweden into our global network via Bremerhaven \u2014 adding capacity, expanding port coverage, and making it easier for manufacturers in the region to\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\/05\/Wallenius-Wilhelmsen-service-expand-.jpg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/05\/Wallenius-Wilhelmsen-service-expand-.jpg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/05\/Wallenius-Wilhelmsen-service-expand-.jpg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":23333,"url":"https:\/\/projectcargoglobal.com\/?p=23333","url_meta":{"origin":22977,"position":3},"title":"Wallenius Wilhelmsen completes installation on Tirranna","author":"Project Cargo Global","date":"July 6, 2026","format":false,"excerpt":"Wallenius Wilhelmsen has completed the installation of a wing sail on Tirranna, marking a new phase in testing wind-assisted propulsion in commercial operations. The installation took place between 22-24 June at Damen Shipyard in Rotterdam, followed by a harbour acceptance test and a sea acceptance test (SAT). The SAT 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\/2026\/07\/Wallenius-Wilhelmsen-Tirranna-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/07\/Wallenius-Wilhelmsen-Tirranna-.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/07\/Wallenius-Wilhelmsen-Tirranna-.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":23201,"url":"https:\/\/projectcargoglobal.com\/?p=23201","url_meta":{"origin":22977,"position":4},"title":"Wallenius Wilhelmsen opens the GIART in Sweden","author":"Project Cargo Global","date":"June 15, 2026","format":false,"excerpt":"On Monday, June 8, Wallenius Wilhelmsen officially opened the Gothenburg International Auto & RoRo Terminal (GIART) in Sweden with an opening celebration. The terminal represents a strategic addition to our global logistics network and a key step in enhancing the value we deliver to you, our customers, across 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\/06\/Wallenius-GIART.jpeg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/06\/Wallenius-GIART.jpeg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/06\/Wallenius-GIART.jpeg?fit=640%2C356&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21230,"url":"https:\/\/projectcargoglobal.com\/?p=21230","url_meta":{"origin":22977,"position":5},"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":[]}],"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","_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}]}}