

On October 10, 2025, a proposed modification of Annex III in the USTR section 301 on port fee regulations was released. In the proposal, fees concerning most roro carriers was increased from USD 14 per net ton to USD 46 per net ton. Fees will be payable as of October 14, 2025.
Based on the substantial increase in fees compared to the previous update of Annex III, we are working diligently to evaluate the impact for Wallenius Wilhelmsen, our customers, and our trading pattern. We see the risk of higher costs linked to port fees in the near-term.
Because of the above, and that the proposed fees being substantially above our expectations, we find it prudent to suspend our financial outlook for 2025 as communicated in the Q2 2025 report until further notice.
Our Q3 2025 results are not impacted by the above port fees, but Q4 may be affected.