Wilhelmsen Holding Asa News

Ship management and marine services company V.Group announced it has appointed Petter Traaholt as Chief Financial Officer and a member of the V.Group Board.Traaholt joined V.Group from Eltel Group where he was Group CFO, based in Stockholm. Prior to joining Eltel in 2017, he held a number of senior operations and finance roles in Wilhelmsen Holding ASA; initially combining roles as CFO and Deputy CEO of Wilhelmsen Maritime Service, then in 2010 becoming President of Wilhelmsen Technical Solutions.

Norway-based global maritime industry group Wilh. Wilhelmsen Holding ASA  announced that Berge Mafadi, a Berge Bulk vessel has received the world’s first commercial delivery of 3d printed scupper plugs, as part of Wilhelmsen’s Early Adopter Program.According to a press release, the program, where customers have exclusive access to on-demand additive manufacturing was launched by Wilhelmsen’s Marine Products division in December 2019. Customers include Berge Bulk, Carnival Maritime, Thome Ship Management, OSM Maritime Group, Executive Ship Management and Wilhelmsen Ship Management.“We are very excited with this milestone - completing one of the first commercial deliveries of 3D printed parts in the maritime industry…

The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for maritime applications in Norway.The environmentally friendly liquid hydrogen can be offered to commercial shipping in large scale supply within first quarter 2024, claimed the companies.Together with major industry players such as Equinor, Viking Cruises, Air Liquide, and more, this is a huge and important step towards a sustainable future, and it aligns perfectly with Wilhelmsen’s long-term strategy supporting the UN sustainable development goals.The project was recently awarded a grant of NOK 33.5 million (USD 3.7 million) from the governmental PILOT-E scheme…

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel, a number of ship owners are starting to seriously consider hydrogen for newly built vessels. As a bold first step, the country of Norway has provided a number of grants to leading maritime companies to conduct feasibility studies into various aspects of this emerging technology sector. Central to this discussion is “how” hydrogen will be transported from its source to end-users.Norwegian based companies…

Norway-based global maritime industry group Wilh. Wilhelmsen Holding ASA said that DNV GL has granted an “Approval in Principle” (AIP) and currently working together towards a full type approval for the smart boiler water dosing system.Wilhelmsen also plans to qualify as an approved service supplier (AoSS) as part of the class society’s unique boiler monitoring (BMON) programme.Minimizing the risks associated with poor boiler water management, Wilhelmsen’s system monitors boiler water condition, dosing chemicals as and when they are needed. Delivering real-time condition monitoring, essential data is accessible to both the vessel’s crew and onshore staff…

Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as announced in September,” says Jan Eyvin Wang, president and CEO of Wilh. Wilhelmsen ASA. “The final go ahead is pending approval from competition authorities and the respective entities’ shareholders.” Wilh. Wilhelmsen ASA will issue shares to Wallenius Lines in exchange for their shares of the currently joint investments. At the completion of the merger, Wilhelmsen and Wallenius will hold 37.8% and 48% of the new entity to be named Wallenius Wilhelmsen Logistics ASA.

Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure, the proposed merger is expected to enable synergies between USD 50-100 million by combining the assets and harvesting economies of scale, including more optimal tonnage planning…

Wilhelmsen Maritime Services AS (WMS), a wholly owned subsidiary of Wilh. Wilhelmsen Holding ASA, said it has signed an agreement whereby technology subsidiary Callenberg Technology Group will be acquired by Trident Maritime Systems. "We have in Trident and their principal, J. F. Lehman & Company, found a strong new owner of Callenberg. Having a new owner that operates within the same technology areas creates a perfect environment for employees, customers and future growth of Callenberg with Trident," said Dag Schjerven, president and CEO of WMS. "Through this natural combination, we will significantly expand our technical capabilities and geographic reach," said Tom Eccles, CEO of Trident.

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years. A popular lay-up anchorage near Indonesia's Batam island, a short hop from Singapore, is growing crowded, and firms such as Ocean Shipcare and Brubay Shipcare are running out of space at another at Brunei Bay, near Labuan, off northern Borneo. "Where do we go next? It's a good question, because we are trying to explore some other areas also," said Kanen Senasendram, base manager at Ocean Shipcare, which operates in Brunei Bay. He says he may need to hire more staff.

Wilh. Wilhelmsen Holding Invest AS (WWHI), a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA (WWH), informs it hs raised its shareholding in NorSea Group AS (NSG) from 35.4% to 40%. The share increase follows a share issue in the company whereby NSG buys Danbor AS from A.P. Møller Mærsk AS. “Increasing our shareholding in NSG is a natural part of our strategic ambition to broaden our exposure in the energy, offshore and maritime industry, supplementing activities Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services,” says Nils P Dyvik, group CFO in WWH.

Reduced volumes of high and heavy cargo and seasonally lower demand for maritime services negatively affected Wilh. Wilhelmsen Holding ASA (WWH) total income and result in the third quarter of 2013. Current activity level for group entities is expected to continue. Operating profit for the third quarter of 2013 was USD 96 million (USD 260 million) based on a total income of USD 873 million (USD 1 075 million). Income and results for the third quarter of 2012 were positively impacted by a USD 134 million sales gain related to Wilh. Wilhelmsen ASA’s downward sale of shares in Hyundai Glovis.

Wilh. Wilhelmsen Holding ASA (WWH) operating profit and total income declined quarter on quarter and year over year. The company attributes the decline in profits mainly as a consequence of continued drop in shipping volumes and a less favourable cargo mix, and in the second quarter, the group’s activity level is expected to be in line with the first quarter. Operating profit for the first quarter was USD 78 million (USD 106 million), down 27% compared with the same period last year and a decrease of 19% from the previous quarter. Total income ended at USD 864 million (USD 946 million), a reduction of 9% year over year and 4% quarter on quarter.

Wilhelmsen Ship Management (WSM) has opened a new ship management office in Bergen to serve the offshore sector. The largest growth in Norwegian shipping takes place in the offshore segment. Other ship owners in the region have also grown significantly. The new operation in Bergen is a consequence of this growth. We wish to be closer to these customers to offer our experience in vessel operation and manning service,” says Haakon Lenz, regional manager WSM Europe. The new office will be collocated with Wilhelmsen Ships Service (WSS) at Skoltegrunnskaien 1, Bergen.

Wilh. Wilhelmsen Holding shipping segment under investigation by competition authorities. Wilh. "In addition, Wilh. Wilhelmsen ASA's (owned 72.7% by WWH) partly owned companies Wallenius Wilhelmsen Logistics and EUKOR Car Carriers have been visited by Japanese authorities as part of an investigation related to the Japan Anti Monopoly Act. Further, WWL has received requests for information from the EU Commission and both WWL and EUKOR have received requests for information from federal US authorities and the Competition Bureau Canada. The purpose of these requests is to ascertain whether  
there is evidence of any infringement of competition law related to possible price cooperation between carriers and allocation of customers.

Wilh. Wilhelmsen Holding ASA  reports profit growth lifted by high total income and operating profit in the shipping segment. Operating profit amounted to USD 106 million for the first quarter of 2012, up 84% year over year from USD 58 million in the corresponding quarter of 2011. Total income increased 26% and ended at USD 946 million (USD 753 million). “With all time high revenue in the shipping segment, the group’s earnings improved considerably year over year. Despite a seasonally weaker quarter, we also recorded a positive development quarter on quarter,” says Thomas Wilhelmsen, group CEO of WWH. “Our shipping activities benefitted from favourable trade balance and a sound balance between auto and high and heavy volumes.

InterManager, the international trade association for the ship management industry, has started 2012 with significant expansion. In the first month of this year InterManager has welcomed two Full Members – ship management companies Histria and Green Wave – and two Associate Members – international law firm Hill Dickinson and crew communications provider SMART Link. And building on this momentum, InterManager has appointed Captain Paddy McKnight to the role of its International Maritime Organisation Permanent representative.

Wilh. Wilhelmsen Holding ASA's (WWH) topline lifted by continued increase in volumes transported deep sea. Underlying development in the group's activities is positive. The operating profit for WWH amounted to $1.4 million for the second quarter, up 23.8% from the first quarter. Total income came to $838.8 million, up 11.3% quarter-on-quarter. "The export out of Japan rebounded faster than expected after the earthquake. Despite reduced Japanese production in the beginning of the quarter, the group recorded a total volume increase of 8% quarter on quarter, supported by continued export out of Korea and high and heavy volumes," says Thomas Wilhelmsen, group CEO at WWH.

Wilh. Wilhelmsen Holding ASA (WWH) delivered a substantial increase in operating profit year over year backed by a rebound in its shipping activities. WWH posted an operating profit of USD 57.7 million for the first quarter of 2011, up 31% from USD 44.0 million in the similar quarter of 2010 (corresponding period of 2010 hereafter in brackets). Total income amounted to USD 753.2 which is up almost 18% from 2010 (USD 639.7 million). "Compared with 2010, we have shipped 29% more cars and high and heavy cargo the first three months of the year.