Oslo, 5 January 2021 - Wallenius Wilhelmsen has decided to reactivate up to 9 of
its 16 vessels that are currently in cold layup. Reactivation will take place
during Q1 2021, and the reactivated vessels will replace capacity currently
sourced through short term charters. 

"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.

At the onset of the Covid-19 pandemic, Wallenius Wilhelmsen took decisive action
to meet challenging market conditions by cancelling dividends, as well as
recycling and laying up vessels to preserve cash and reduce costs. While the
company maintains its cautious volume outlook, scarcity of capacity and
increasing rates in the time charter market make reactivation of vessels in
layup a more cost-competitive option.

In Q4 2020, Wallenius Wilhelmsen introduced M/V Tannhauser to its fleet. This is
the third vessel in the Hero series, designed to provide operational and
environmental efficiencies. The fourth and final Hero vessel is under
construction and is scheduled for delivery in Q2 2021.

For further information, please contact: 
Anette Orsten, Vice President Group Treasury & IR; Tel + 4798067912; Email:
anette.orsten@walleniuswilhelmsen.com

Fredrik Tangeraas, Vice President Corporate Communications; Tel: +47 92 46 46
99; Email: fredrik.tangeraas@walleniuswilhelmsen.com

About Wallenius Wilhelmsen 
The Wallenius Wilhelmsen group (OEX: WAWI) is a market leader in RoRo shipping
and vehicle logistics, transporting cars, trucks, rolling equipment and
breakbulk around the world. The company operates around 123 vessels servicing 15
trade routes to six continents, and a global inland distribution network, 120
processing centres, and 11 marine terminals. The Wallenius Wilhelmsen group
consist of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and
ARC. The group is headquartered in Oslo, Norway with 8 000 employees in 29
countries worldwide. 
Read more at walleniuswilhelmsen.com

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