Wilson Sons Limited News

Wilson Sons Limited announces to its shareholders that the shipyard subsidiary Wilson Sons Estaleiros Ltda, has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil S.A. (Saam Smit), to be delivered within twenty months of payment of the first installment of each vessel. The vessels have a length of 24 meters and a beam of 11 meters with bollard pull of 70 metric tons. Damen Gorinchem Shipyards, who designed the projects, have been working with Wilson Sons in Brazil for more than 20 years.

Wilson Sons Estaleiros Ltda, has contracted with  Braizilian subsidiary shipyard Oceanpact  for the construction of four Oil Spill Recovery Vessels (OSRVs), with recovered oil storage capacity of 1,050 m³, a length of 67 meters, and a beam of 14 meters. Wilson inform that for the construction of the four vessels, Oceanpact will pay approximately BRL 333 million (three hundred and thirty three million brazilian reais). The vessels, which are scheduled to be delivered by 2016, will be built in Wilson Sons' Shipyard complex, in Guarujá (SP).

Wilson Sons Limited announced its results for the First Quarter (1Q13). The Company’s Net Income reached $19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports, we delivered a strong first quarter in terms of cash generation, with bottom-line margins growing significantly,” said Cezar Baião, CEO of Operations in Brazil. Strong demand for special operations in towage, higher average daily rates in the Offshore Vessels business and the commencement of Guaruja II shipyard operations contributed to the quarter’s strong bottom-line results. “With the recent conclusion…

Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012. Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the logistics business. "We will remember 2012 as the year we concluded important projects which significantly improved capacity.

Port & maritime logistics services providers Wilson Sons Ltd. records record EBITDA of US$ 47.4-million in the third quarter of 2012. The Company recorded Net Revenues of USD 157.5-million and record EBITDA of USD 47.4-million in the third quarter of 2012. "This quarter results confirm the consistency and robustness of our business plan. Despite a period of macroeconomic uncertainty, the Company generated very strong operating cash flow" said Cezar Baiao, CEO of Operations in Brazil. The drop in revenues is mainly a result of the depreciation of the average BRL rate, as well as the end of a temporary Petrobras operation with Brasco, and discontinuation of dedicated operations in the logistics business.

If there is a slowing in the marine industries no one told the people at ASL Marine in Singapore. Among other projects the shipyard is building a series of Roto Tugs, a series of large PSVs and a 196.8-ft dive support vessel. In November ASL was nearing completion of another in their series of diesel-electric emergency vessels for the Danish firm Esvagt. These red boats are equipped with five Cummins KTA19D powered 485 kW generators. This series of vessels carry C-names. Earlier vessels included the Esvagt Carina, Cassipeta, Carpathia, Champion, Caroline, Contender, Cobra and Castor.

Wilson Sons Limited announced its consolidated results for the Fourth Quarter (4Q08) and Full Year 2008 (FY08). The company, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 170 years, the company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following business segments: (i) Port Terminals, (ii) Towage, (iii) Logistics, (iv) Shipping Agency, (v) Offshore, and also into (vi) Non-Segmented Activities. Wilson, Sons' consolidated net revenues improved both in 4Q08 and in FY08.

Wilson Sons Limited reported results for third quarter 2008 and 9 months 2008. Through its subsidiaries, the company (Bovespa: "WSON11 BZ") is one of Brazil's providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 170 years, the company has developed a national network and provides a set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal activities are divided into the following business segments: port terminals, towage, logistics, shipping agency, offshore, and non-segmented activities. 3Q08 net revenues were up by 26.9% over 3Q07, reaching USD 132.4 million. Year-to-date, net revenues improved by 32.7%, reaching USD 380.8 million.