Wallenius Wilhelmsen has, through its 80% owned subsidiary EUKOR, taken delivery
of the vessel Morning Camilla (built 2009/6,600 CEU) following the declaration
of a purchase option under the long-term charter-in agreement. The purchase
price is USD30m, well below the assessed charter-free valuation of ca USD 70m.
The above comes in addition to EUKOR exercising and taking over the Morning
Cecilie (built 2006/6,600 CEU) during Q4 2023. The purchase price was USD10m,
well below the assessed charter-free valuation of ca USD 70m.
Combined, the excess market value of the two vessels is around USD100m.
In line with previous transactions, no financial gains will be booked in
connection with the purchases and the effect on the Profit and Loss accounts is
expected to be immaterial. The purchases were financed with cash on hand.
For further information, please contact:
Anders Redigh Karlsen, Vice President Investor Relations & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com
Pictures, please see the website:
https://www.walleniuswilhelmsen.com/who-we-are/media
About Wallenius Wilhelmsen:
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers all over the world. The company
operates around 125 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 66 processing centers and eight marine
terminals. Headquartered in Oslo, Norway, the Wallenius Wilhelmsen group has
9,500 employees in 28 countries worldwide.
Read more at www.walleniuswilhelmsen.com