{"id":24096,"date":"2026-11-09T09:28:41","date_gmt":"2026-11-09T09:28:41","guid":{"rendered":"https:\/\/projectcargoglobal.com\/?p=24096"},"modified":"2026-11-09T09:28:41","modified_gmt":"2026-11-09T09:28:41","slug":"wallenius-wilhelmsen-delivers-solid-q3-results","status":"publish","type":"post","link":"https:\/\/projectcargoglobal.com\/?p=24096","title":{"rendered":"Wallenius Wilhelmsen delivers solid Q3 results"},"content":{"rendered":"

Wallenius Wilhelmsen reported an adjusted EBITDA of USD 428m in the third quarter. <\/strong><\/p>\n

\u201cWe delivered a strong third quarter, with solid demand and performance across the business,\u201d says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.<\/p>\n

Total revenues for Q3 were USD 1,401, up 7% QoQ mainly due to higher revenues for Shipping services. The adjusted EBITDA of USD 428m is up 19% QoQ. Net profit for Q3 totaled USD 212m, up 53% QoQ.<\/p>\n

Wallenius Wilhelmsen maintains the 2026 outlook of about USD 1.6bn in adjusted EBITDA.<\/p>\n

The demand for shipping services out of Asia continued to increase in the quarter and supports higher freight and charter rates.<\/p>\n

For Wallenius Wilhelmsen, the shipping capacity is fully committed for 2026 and company experience strong interest from customers in securing long-term capacity.<\/p>\n

“We are focused on delivering for our customers and building a strong position for 2027 and beyond. Recent significant contract awards underpin this work.” Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.<\/p>\n

After the end of the quarter, Wallenius Wilhelmsen announced an expansion of its newbuilding program, Shaper Class, to include four new firm vessels, with up to eight options for additional vessels. Moreover, the expansion was supported by a USD 300m private placement.<\/p>\n

\u201cShaper Class deliveries and our newly expanded newbuilding program will strengthen our competitive position for the years ahead. Through these investments, we secure cost-efficient and flexible tonnage so that we can continue to meet customers’ growing needs in the next decades,” Kristoffersen says.<\/p>\n

Q3 highlights:Continued increase in demand for shipping ex-Asia supports higher freight and charter rates; Contracting for ~40% of shipping volumes for 2027 well underway with two large awards totaling USD 1.7bn announced post quarter end; Adjusted EBITDA for Q3 2026 ended at USD 428m, up 19% QoQ due to improved performance for Shipping and Government services. This is in line with our trading update; Maintained the outlook for 2026 with an adjusted EBITDA of about USD 1.6bn; Raised USD 300m in new equity to partly fund extension of our newbuilding program with 4x deliveries in 2030, and 8x optional vessels from 2031; Appointed John Felitto as new CCO and Christian Holth as Interim COO Logistics in early Q4.<\/p>\n

 
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Wallenius Wilhelmsen delivers solid Q3 results<\/a><\/h4><\/div><\/div>\n
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Wallenius Wilhelmsen expands its fleet renewal program<\/a><\/h4><\/div><\/div>\n
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Wallenius Wilhelmsen reported an adjusted EBITDA of USD 428m in the third quarter. \u201cWe delivered a strong third quarter, with<\/p>\n","protected":false},"author":9,"featured_media":24097,"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_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_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-24096","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-6gE","jetpack-related-posts":[{"id":23554,"url":"https:\/\/projectcargoglobal.com\/?p=23554","url_meta":{"origin":24096,"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 "Latest News"","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":22977,"url":"https:\/\/projectcargoglobal.com\/?p=22977","url_meta":{"origin":24096,"position":1},"title":"Wallenius Wilhelmsen delivers stable Q1 performance","author":"Project Cargo Global","date":"May 6, 2026","format":false,"excerpt":"Wallenius Wilhelmsen reported adjusted EBITDA of USD 389 million in the first quarter of 2026, slightly below the previous quarter. \u201cShipping demand remains very strong with solid volumes and high utilization, especially ex-Asia. 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The\u2026","rel":"","context":"In "Latest News"","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":24096,"position":4},"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. 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As Chief Customer Officer, Felitto will lead the company's Customer Growth organization and be responsible for further strengthening customer partnerships and delivering on Wallenius Wilhelmsen's growth ambitions. \"John brings a strong combination of customer, commercial\u2026","rel":"","context":"In "Latest News"","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\/10\/Wallenius-Wilhelmsen-Felitto-.jpg?fit=640%2C356&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/10\/Wallenius-Wilhelmsen-Felitto-.jpg?fit=640%2C356&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcargoglobal.com\/wp-content\/uploads\/2026\/10\/Wallenius-Wilhelmsen-Felitto-.jpg?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\/11\/Wallenius-Wilhelmsen-Q3-2026.jpeg?fit=640%2C356&ssl=1","_links":{"self":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/24096","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=24096"}],"version-history":[{"count":1,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/24096\/revisions"}],"predecessor-version":[{"id":24098,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/posts\/24096\/revisions\/24098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=\/wp\/v2\/media\/24097"}],"wp:attachment":[{"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcargoglobal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}