Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Wallenius Wilhelmsen to reactivate nine ships from cold layup in Q1

Photo: Wallenius Wilhelmsen Craig-Jasienski.jpg
Craig Jasienski, ceo of Wallenius Wilhelmsen
Wallenius Wilhelmsen will reactivate up to nine of its 16 ships currently in cold layup during the first quarter, replacing capacity presently sourced through short term charters.

The Oslo-listed car carrier said the scarcity of capacity and increasing rates in the time charter market make reactivation of vessels in layup a more cost competitive option.

“Flexibility in the fleet has been a core strategic choice since the inception of Wallenius Wilhelmsen, ensuring our ability to adjust the fleet to our needs and shifting market demand,” said Craig Jasienski, ceo of Wallenius Wilhelmsen.

The layup of the vessels was made at the onset of the Covid-19 pandemic, where the company took the decision action in order to meet challenging market conditions by cancelling dividends, as well as recycling and laying up vessels to preserve cash and reduce costs.

Meanwhile, Wallenius Wilhelmsen is looking forward to taking delivery of the last in a series of four ‘Hero’ vessels in the second quarter of 2021. The third vessel in the Hero series, designed to provide operational and environmental efficiencies, was delivered in the fourth quarter of last year.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.