Shipping firm Wallenius Wilhelmsen announced that amid the COVID-19 crisis and the disruptions in the industry, cuts its dividend to zero and will mothball up to 10 vessels.
In addition, the company added that it will scrap up to four older vessels.
Craig Jasienski, president and CEO of Wallenius Wilhelmsen commented that the company has been feeling the impact of the coronavirus, as the world economy and the global supply chains remain unpredictable.
Our strong focus on synergies and cost...