“As part of our operations, we have the ability to adjust the fleet to our needs and changing market conditions. While it remains challenging to predict the potential market impact from virus intensity in parts of the world, the overall industry supply-demand balance is expected to improve in the mid-term due to overall global fleet reduction, low order book and a rebound in volumes during 2021," commented Craig Jasienski, CEO of Wallenius Wilhelmsen.

The company is taking three more vessels out of cold lay-up to join our nearly 130-strong fleet in response to increasing demand, rising prices, and a shortage of capacity in the time charter market.

These three vessels will join the nine vessels that have already been reactivated and are scheduled to return to service in June and July.

Wallenius Wilhelmsen is a multinational RoRo shipping and vehicle logistics business based in Sweden and Norway that manages the global distribution of vehicles, trucks, rolling equipment, and breakbulk.

Maritime Business World