Wilhelmsen and Wallenius on Thursday signed an agreement to merge the Norwegian and Swedish companies’ joint investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers, and American Roll-on Roll-off Carrier.
Norway’s Wilh. Wilhelmsen ASA posted weaker earnings and revenue for the third quarter as the auto and project shipping and logistics group saw a seasonal decline in ocean freight volumes and an unfavorable cargo and trade mix.
Wilh. Wilhelmsen ASA, the world’s biggest deep-sea roll-on, roll-off shipping line, reported its third quarter profit declined to $78 million from $246 million a year ago because of lower global car shipments and one-off items.
Susman Godfrey, an American antitrust litigation firm, has filed a class action against some of the world’s largest maritime vehicle shipping companies, alleging price fixing of carrier services...