Wallenius Wilhelmsen suspends operations in Russia and Belarus

"The invasion of Ukraine is a tragedy. Our deepest sympathy goes out to the people of Ukraine and our thoughts are with the millions of innocent people directly affected," says Torbjørn Wist, acting CEO and CFO at Wallenius Wilhelmsen, who suspends operations in Russia and Belarus until further notice. "Our main concern is the safety and well-being of our employees and partners. We have employees in Russia and partners in Ukraine." As a global company, Wallenius Wilhelmsen adheres with international sanctions. Wist says: "We are a Norwegian company, we follow the rules and sanctions imposed by the Norwegian authorities." The company discontinued services into Russia on February 24, and stopped taking cargo bookings at the same time. Cargo on the water heading for Russia were re-routed to alternative ports. Future cargo bookings into the region have been delayed or are cancelled. We have now decided to formally suspend our operations until further notice. It's a fluid situation and it changes by the hour. Wallenius Wilhelmsen has limited direct exposure in the region, and the company continues to monitor the impact on colleagues and operations. For further information, please contact: Investor relations: Anette Orsten, VP Global Treasury & IR. Tel: +47 980 67 912, email: anette.orsten@walwil.com Media relations: Anette Maltun Koefoed, VP Corporate Communications. Tel: +47 975 87 999, email: anette.maltunkoefoed@walwil.com About Wallenius Wilhelmsen The Wallenius Wilhelmsen group (OSE: WAWI) is a market leader in RoRo shipping and vehicle logistics, transporting cars, trucks, rolling equipment and breakbulk around the world. The company operates over 130 vessels servicing 16 trade routes to six continents, and a global inland distribution network, processing centers, and marine terminals all over the world. The Wallenius Wilhelmsen group consists of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and ARC. The group is headquartered in Oslo, Norway with 8,200 employees in 29 countries worldwide.

Source: NewsWeb