Vehicle shipping demand holds firm despite rising costs and geopolitics, says Wallenius Wilhelmsen
- Exports from China continue to dominate global vehicle shipping, offsetting declines from Europe and the US
- The growing trade imbalance is sustaining high utilisation across the global vehicle carrier fleet
- Wallenius Wilhelmsen has limited direct exposure to the Middle East region compared to its competitors
Middle East volumes provide no more than 3% of revenue for Wallenius Wilhelmsen, but a sharp hit is expected from higher fuel costs in the second quarter
