Jan Eyvin Wang News

Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang, Executive Vice President, New Energy at Wilhelmsen says, “We have been actively assessing the subsea market to find a company that could add complementary scale to our ambition within renewables. We see potential to grow within emerging sectors such as offshore wind…

Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals."As the energy transition continues to gather pace, we are actively looking at new projects and business areas, outside of the oil and gas industry, where NorSea’s unique port infrastructure and proven service and supply know-how can continue to be a key driver of success. The development of the seabed mineral industry in Norway is far from certain…

Wilhelmsen, one of the world's largest shipping companies, has agreed to acquire a 25% stake in Østensjø Group’s growing offshore wind business Edda Wind.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind farms.Commenting on the Edda Wind deal, Thomas Wilhelmsen, CEO of the Wilhelmsen group said: "The Wilhelmsen group’s strategy is very clear…

With effect from 26 September 2017, Wilhelmsen increases its shareholding in NorSea Group from 40% to approximately 72%. NorSea Group provides supply bases and integrated logistics solutions to the offshore industry. Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will hold approximately 12% each, while management in NorSea Group controls the remaining 4%. Following the transaction, Wilhelmsen will buy a small portion of management controlled shares. The increased shareholding passed the Norwegian Competition Authorities 20 September 2017 and the transaction will take place 26 September. “We wish to have an exposure towards the energy market, primarily oil and gas, but also the offshore wind industry,” says Thomas Wilhelmsen, group CEO of Wilhelmsen.

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…

Wallenius Wilhelmsen Logistics (WWL) says that its subsidiary MIRRAT has been announced as winner in its bid to operate automotive terminal 'Melbourne Australia'. Port of Melbourne Corporation (PoMC) have selected Melbourne International Ro-Ro Automotive Terminal (MIRRAT) for the development of the automotive and Roll-On Roll–Off (RoRo) terminal in Webb Dock West. WWL explains that a world class terminal for the Webb Dock West project will benefit Melbourne, and ultimately support stronger trade through the Port of Melbourne for the Automotive and RoRo industries. “We are delighted that WWL has been afforded this opportunity in Melbourne.

(Lysaker, 23 March 2011): The Wilh. Wilhelmsen group has launched its 150th anniversary vessel, MV Tønsberg, into operation. The Mark V class is the most sophisticated vessel ever built in the roll-on roll-off segment. “We expect that Mark V will strengthen our position as the global market leader within deep sea roll-on roll-off transport”, says Jan Eyvin Wang, president and CEO of Wilh. Wilhelmsen ASA, representing the owner of the vessel. “The Mark V class is the most sophisticated ro-ro vessels ever built, with major innovative design criteria such as high ramp capacity, deck strength and height, low fuel consumption, good transportation economy and safe cargo handling.