Norsea Group News

11 Jun 2019

NorSea Wind Appoints Pedersen CEO

The new head of NorSea Wind is back in Esbjerg, where he as a 17-year-old started his career. Photo: Red Star/NorSea Wind

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.

05 Jun 2019

Wilhelmsen Acquires 50% of NorSea Wind

Image: Norsea Wind AS.

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.

08 May 2019

Wilhelmsen: Q1 2019 Shows $29m profit

Photo: Wilhelmsen Group

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…

21 Jan 2019

Equinor Pushes Shore Power, Cuts CO2

Equinor has 13 supply vessels in its contract portfolio that are ready for shore power supply, including Rem Eir from Remøy Shipping, whose contract with Equinor was recently extended by three years. (Photo: Vidar Hardeland / Equinor ASA)

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…

12 Aug 2018

Wilhelmsen Group Income for 2Q up by 5%

Photo: Wilhelmsen group

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…

13 Dec 2017

Kongsberg Digital Acquires a Share of NSG Digital

KDI - NSG Digital (Photo: Kongsberg)

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.

20 Sep 2017

Wilhelmsen Majority Shareholder in NorSea Group

Jan Eyvin Wang, senior vice president industrial investments in Wilhelmsen and new chair of NorSea Group | John Stangeland, CEO of NorSea Group | Thomas Wilhelmsen, group CEO of Wilhelmsen. Photo: Wilh. Wilhelmsen Holding ASA

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…

07 Jan 2015

Statoil Awards Contracts in Norway

Mongstad is one of seven bases included in the service contracts awarded today, 7 January 2015.

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%…

25 Aug 2014

Norsea Group Makes Long-term UK Commitment

Peterhead Harbour, aerial photo

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.

03 Apr 2014

WWH Increases Stake in NorSea Group

Image courtesy of NSG/WWH

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.

02 Apr 2014

NorSea Group Buys Danbor from Mærsk

Danbors supply base in Esbjerg

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.

02 Apr 2014

Wilh.Willhelmsen Holdings Report 2013 Profit Slide

Image courtesy of WWH

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.

06 Aug 2013

NorSea Group Adds U.K. GM

Kim Christensen, NorSea’s new General Manager in the U.K.

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.

24 Apr 2013

NorSea Group Invests in Scotland Supply Base

Scrabster Harbour, Caithness, Scotland

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…

25 Apr 2013

NorSea Invests in First Scotland Supply Base

Scrabster Harbour, Scotland: Photo credit NorSea Group

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.

08 May 2013

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.

20 May 2013

Scrabster to Partner with Hugh Simpson

Shaking hands on a trailblazing agreement – Hugh Simpson, left, and Knut Magne Johannessen at Scrabster Harbour

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.

19 Jun 2012

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.

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