Wallenius Wilhelmsen posts record Q3 profit despite volume decline

[caption caption="The Nabucco, Wallenius Wilhelmsen"][/caption]Strong freight rates led Wallenius Wilhelmsen to post a near 14-fold year-over-year increase in third-quarter net profits despite a slump in vehicle shipments, the&nb…

[caption caption="The Nabucco, Wallenius Wilhelmsen"][/caption]Strong freight rates led Wallenius Wilhelmsen to post a near 14-fold year-over-year increase in third-quarter net profits despite a slump in vehicle shipments, the Oslo, Norway-based roll-on/roll-off (ro/ro) carrier said in an earnings report released Nov. 10. Wallenius Wilhelmsen reported a record quarterly net profit of $65 million in the third quarter, a 1,367 percent spike from the same period last year and a...