Wilh Wilhelmsen today presented a cautiously optimistic view of the vehicle carrier market, identifying hope in the high and heavy area beaten down by struggles in the commodity and construction businesses.

The Norwegian owner suggested its core shipping market was facing rough seas but believed it had hit bottom.

Ari Marjamaa, global head of market intelligence at Wallenius Wilhelmsen Logistics, suggested the sector would remain challenging for the next couple of years but could be heading for calmer waters.

"Although