Wilhelmsen, NorSea Join Forces for Hydrogen
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…
NorSea Wind Appoints Pedersen CEO
NorSea Wind, part of the Wilhelmsen Ship Management (WSM) Group, has named Anders Peter Pedersen as its new chief executive officer (CEO). Pedersen has extensive experience from the green energy sector. A lot has happened in the harbor since Anders Peter Pedersen as 17-year-old started his career on his first ship in Esbjerg, but now the circle is in many ways closed for the new CEO of NorSea Wind.He is practically back at the same harbor quay, where he boarded MS Stafford in the fall of 1982, but now it is as captain of NorSea Wind, and the view goes far from the bridge.
Wilhelmsen Acquires 50% of NorSea Wind
Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects.It is the focal element within Norsea Group where it integrates all service offerings for the wind energy segment as it’s go-to-market strategy.
Wilhelmsen: Q1 2019 Shows $29m profit
The Wilhelmsen group recorded a $29 million net profit after non-controlling interests for the first quarter of 2019. Increased share of profits from associates and net financial gains more than offset a reduction in adjusted EBITDA when compared with the previous quarter.Total income for the Wilhelmsen group was $199 million in the quarter, while EBITDA came in at $34 million. This included a $7 million sales gain. Adjusting for new IFRS 16 accounting standard for leases, EBITDA was $25 million.Share of profits from associates was $15 million in the first quarter…
Equinor Pushes Shore Power, Cuts CO2
Norwegian oil major Equinor said that NorSea opened a shore power supply station at the Dusavik supply base in Stavanger, Norway, on January 18."The base is the latest in a string of supply bases where vessels operating on Equinor contracts are offered shore power for hotel needs while at berth and to charge their onboard batteries," said a press statement.Shore-to-ship power supply is one of several measures to reduce emissions in logistics. Thirteen supply vessels on long-term contracts with Equinor have installed shore power systems on board…
Wilhelmsen Group Income for 2Q up by 5%
The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second. Maritime services deliver stable revenue, while supply services record improved income following a seasonal upswing and property sales gains in NorSea Group…
Kongsberg Digital Acquires a Share of NSG Digital
Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E. Kongsberg Digital is purchasing a 34 percent ownership share in NSG Digital, a subsidiary of the supply base and logistics company NorSea Group. NorSea Group, controlled by Wilhelmsen, is joining forces with Kongsberg Digital to digitalize the supply chain in the oil and gas and offshore wind industries. Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E.
Wilhelmsen Majority Shareholder in NorSea Group
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…
Statoil Awards Contracts in Norway
Statoil has today, 7 January, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and warehouse services as well as storage and pipeline handling. “These contracts, which will involve a long-term cooperation with the chosen suppliers, will result in great savings for Statoil’s logistical operations. Logistics represent some 10%…
Norsea Group Makes Long-term UK Commitment
NorSea Group (UK) Limited is making a major, long-term commitment to the UK with the announcement that it will take over operatorship of Smith Quay and Embankment at Peterhead on a 10-year agreement as of September 1. NorSea Group also has a 15-year lease at South Quay in Montrose and a long term agreement with Scrabster Harbour Trust. John Wallace, CEO at Peterhead Port Authority is delighted to welcome NorSea Group to the Port given their profile within the industry, personnel and resources.
WWH Increases Stake in NorSea Group
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.
NorSea Group Buys Danbor from Mærsk
NorSea Group is said it taking a major step forward in its international involvement by purchasing the Danish base and logistics company Danbor AS. In addition to enhancing the global presence of NorSea Group, Danbor will boost the company’s capability in the wind power market. “International expansion is part of NorSea Group’s expressed strategy. Danbor is a solid company which is well-established in our core activity field and fits in well with the rest of the NorSea Group family,” said John Stangeland, CEO of NorSea Group.
Wilh.Willhelmsen Holdings Report 2013 Profit Slide
The Directors' report 2013 (extracted here) states that shipowners & technical services firm Wilh. Wilhelmsen Holding group (WWH) delivered lower results for 2013 when compared with a very strong 2012. The fallback in results was due to a 7% reduction in shipping volumes and substantial sales gains impacting previous year accounts. The accounts show that operating profit slipped from $562-million in 2012 to $325-million in 2013. Wilh. Experienced lower demand for transportation of high and heavy cargoes, while auto volumes for the year were stable.
NorSea Group Adds U.K. GM
NorSea Group, a supplier of base services and integrated logistics systems to the oil and gas industry in Norway, appointed Kim Christensen as its first U.K. General Manager to lead the group’s future developments in Scotland. Mr. Christensen will head up NorSea Group (U.K.) Ltd, a new company within the Group, which has been established to reinforce the Group’s commitment to enhance its business activity in the U.K. To support this, NorSea Group will open its first U.K. office in Aberdeen.
Scrabster to Partner with Hugh Simpson
NorSea Group, a supplier of base services and integrated logistics systems to the Norwegian oil and gas industry, has followed last month’s announcement that it is to develop a supply base at Scrabster Harbor, by signing its first strategic working partnership with local logistics firm Hugh Simpson (Contractors) Ltd. Established in 1964, the company provides a total range of logistics services to the marine and offshore industries. It has two sister companies which provide fuel and oil supply and shipping agency services in the region.
WWH's Q1 2013 Profits Dip
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.
NorSea Invests in First Scotland Supply Base
NorSea Group and the Scrabster Harbour Trust in Caithness have agreed on construction of the new supply base for the oil & gas sector. Under the agreement NorSea Group will work with the Trust to bring in new business and develop Scotland’s most northerly mainland port as a one-stop supply base servicing the oil and gas industry. "We are very excited about co-operating with Scrabster Harbour Trust to develop business for the strategically important port of Scrabster. The vision and commitment of the Trust have been fundamental in our decision to establish NorSea Group there.
NorSea Group Invests in Scotland Supply Base
NorSea Group, a supplier of base services and integrated logistics systems to the Norwegian oil and gas industry, and the Scrabster Harbour Trust in Caithness signed an agreement which will result in major investment and new job prospects for the local economy. Under the agreement NorSea Group will work with the Trust to bring in new business and develop Scotland’s most northerly mainland port as a one-stop supply base servicing the oil and gas industry. NorSea Group already operates…
Wilh. Wilhelmsen Takes Stake in NorSea
Wilh. NSG is the leading supplier of base services and integrated logistics systems to the Norwegian oil and gas industry. Through its fully and partly owned entities NSG operates ten strategically located supply bases along the coast of Norway, including NorSea (Stavanger), Stordbase (Stord), Coast Center Base (Bergen), Vestbase (Kristiansund), Helgelandsbase (Sandnessjøen) and Polarbase (Hammerfest). “The investment follows our previously announced strategy aiming at exploring new opportunities within the energy-, offshore- and maritime industry, supplementing the activities of Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services AS (WMS),” says Thomas Wilhelmsen, group CEO.