Wrist Seals Record Deal
Wrist Ship Supply, part of the Wrist Group, announced the acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America - the largest ship supply organization in North America. The move represents the largest deal in the Wrist Group’s corporate history, and provides the organization with a major footprint into the U.S. and Canadian markets. The acquisition marks Wrist Ship Supply’s fifth deal in the past 12 months, and continues Wrist Group’s strategy of controlled global expansion. The Group now has a significant presence in all key global regions in Europe, The Far East, Middle East and the Americas. OneSource has a turnover of $120m and employs 259 people.
Wrist Ship Supply Reports 30% U.S. Growth
Wrist Ship Supply has announced growth of more than 30% in its North American-based operation, in what it describes as a milestone for ship supply in the United States. The growth follows Wrist’s acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America – in 2010. The successful integration of the largest ship supply organization in North America has given Wrist a significant presence in the North American and Canadian markets. “The geography and sheer scale of North America makes it one of the toughest regions to deliver efficient ship supply services.
Wrist Ship Supply Strengthens Global Progam
World's largest ship supplier continues to expand customer management network. Wrist Ship Supply has appointed another dedicated global key account manager, based in Norway, as it continues to develop its operational network for customers. The complex procurement processes involved in providing food and other consumables to service hundreds of vessels at sea and managing the growing red tape and regulation around port and customs delivery access, plus calls for further seafarer health and nutritional standards has boosted demand for a dedicated third party provider of ship supplies. As the shipping industry continues to experience tough commercial times…
Kledal Managing Director Wrist Ship Supply
Wrist Ship Supply, part of the Wrist Group, announced the appointment of Robert Steen Kledal as its new Managing Director. Kledal joins Wrist Ship Supply from Maersk Line where he was a Senior Vice President in the head office in Copenhagen. He has worked for A.P. Moller-Maersk for 21 years and operating all over the world, including Asia, America and Europe. Over the past few years the company has completed over five acquisitions in Spain, France, Norway, The Netherlands and most recently the U.S. where it acquired OneSource, the largest ship supply company in America, and the biggest deal in the company’s history. This is in addition to significant investment in the company’s entire infrastructure…
Suppliers Continue to Weather the Economic Storm
Ship suppliers are managing to weather the economic storm by putting solid and vetted business partnerships ahead of any major move towards online procurement, according to the industry’s leading trade body. The International Shipsuppliers & Services Association (ISSA) said that while e-commerce was clearly part of the ship supply sector, it was the traditional practices of the small to medium sized supply businesses that were proving more resilient in today’s turbulent economic times than “the global behemoths that have been shown to try and fail spectacularly over the past 20 years”.
Ship Suppliers Launch Victualling Software
Wrist Ship Supply launch 'Xena', to streamline the purchasing of consumable ship supplies, optimising vessel economy & improving health at sea. The Xena software is a menu-planning tool and electronic cookbook which provides ship owners with inventory control, reducing waste and enabling transparency to ensure they stay within nutritional guidelines. Recipes in this programme also provide cost per meal information and reconcile this against existing food stock. Xena enables ordering, stock and menu planning that takes into account regulation around seafarer catering, stipulated in the Maritime Labour Convention (MLC) 2006. MLC 2006 has been ratified by 29 countries to date, and is expected to enter into force in 2013.
NBS Maritime Launches Wholesale for Ship Suppliers
NBS Maritime, one of the leading ship supply companies in the Black Sea region, launches wholesale of ship supply items, tailored to the needs of ship chandlers in the area. The company is importing directly from well selected producers and is maintaining a regular stock of a large range of products, frequently required by maritime users. He added:" This is where NBS Maritime will be of benefit for the ship supply businesses. NBS Maritime is specialized in providing a full range of services tailored to the specific needs of shipping businesses: ship supply and logistics…
Wrist Ship Supply Acquires Strachans
Wrist Ship Supply, one of the world’s largest ship supply companies, today announced the acquisition of Strachans Ltd, the UK’s leading independent food distributor to the offshore catering market. This represents Wrist’s sixth deal in less than two years following acquisitions in Europe, America and Canada. The agreement combines Strachans’ specialist offshore market knowledge with Wrist’s global network, worldwide infrastructure and financial strength and provides the foundation…
Supreme Group Acquires EMS Seven Seas
Supply chain solutions provider in challenging environments, Supreme Group (Supreme), says it has completed its purchase of EMS Seven Seas ASA. Headquartered in Norway and listed on the Oslo Stock Exchange, EMS Seven Seas is a global maritime services group serving merchant marine, offshore and defense customers. The company supplies general ship supplies, provisions, stores, spare parts and leading technical maritime brands through its extensive network of some 600 ports. Supreme now owns 90.04% of the total outstanding shares in EMS and says it will make a mandatory offer to the remaining shareholders in the company in due course.
Offshore Sector Helps Wrist Ship Supply Grow in 2011
Wrist Ship Supply reported solid growth in market share and turnover following a year of focused consolidation. According to the company, its turnover reached DKK 2,447 million in 2011, an increase of 20% since 2010, and earnings before interest and tax (EBIT) increased by 45% to DKK 21.7 million. The company saw positive development across regional operation areas, particularly Asia-Pacific and Germany. Wrist Ship Supply acquired Strachans Ltd, a market-leading independent food distributor to the UK offshore industry, completing a period of significant growth totalling six acquisitions in Europe, America and Canada between 2009 and 2011.
MARCAS Awards Contract to Unitor
Ship supply specialist Unitor, has entered into a three-year sole supply contract with MARCAS, the Bermuda-based marine purchasing group. MARCAS’ members, who include the V. Ships Group, Teekay Shipping and World Wide shipping, have agreed to contract with Unitor for the sole supply of chemicals, gases and associated welding products for a minimum period of three years.
Seagoing Menu-Planning Software: Wrist Sees Demand
As shipowners anticipate the Maritime Labour Convention (MLC) seafarer welfare regulations, Wrist Ship Supply, says it has experienced growing demand for its menu-planning software programme, WristXena. Aimed at streamlining the purchasing process for consumable ship supplies, optimising vessel economy and improving health at sea, WristXena was launched to the market in September 2012. More than 35 vessels are now using the programme. With just four months to go until the Maritime Labour Convention (MLC) 2006 enters into force on August 20, Wrist’s global customer base of shipowners is treating this as a priority and seeking tools such as WristXena to prepare for new compliance.
Port Restrictions and High Barge Charges: Causing Costs to Spiral
Port delivery restrictions to ships are forcing ship suppliers to use barges for the supply of ship stores – resulting in hundreds of pounds of increased logistic costs, warns the UK’s leading ships chandler Hutton’s. Restrictions are enforced for a number of reasons, including security, safety and weight limits. Meanwhile barge costs are rising with the charges becoming prohibitive at some ports. Hutton’s warns the problem is an issue worldwide and especially prevalent on continental Europe where barge supply has become commonplace.
MARIS on the Move
VANOS S.A in Greece has teamed up with Maritime Information System AS (MARIS) of Norway to extend its product range to include Wheelmark (EU) certified Electronic Chart Display and MARIS on the Information Systems (ECDIS) PC Radar Kits. The agreement covers radar overlay to ECDIS and radar/ARPA and MARIS VDR and S-VDR. VANOS S.A is a Ship Supplies company, established in 1929 and an Admiralty Chart Agent, representing a portfolio of brands popular across the globe and a vast range of recognized products. The new
New ISSA President: Innovation, Cooperation Are Top Priotities
The new President of the International Shipsuppliers & Services Association (ISSA), Abdul Hameed Hajah, has outlined his priorities for the year ahead with innovation and cross industry cooperation sitting at the top of his agenda. Hajah, who officially took over as President of ISSA on January 1, has highlighted innovation and improved productivity in the supply chain as key processes in the efficient management of today’s ships. A highly efficient and strong international ship supply industry is crucial to this process, he said.
Drewry, Cargosmart Expand Cooperation
Shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market. The two companies first announced their cooperation agreement in April 2012, when Drewry began using data from CargoSmart to augment its coverage of ocean carrier service reliability on key container shipping trades. “This broader collaboration will enable Drewry to take greater advantage of the data available from CargoSmart’s system…
GAC Expands its Sri Lanka Offshore Ship Supply Operation
As the demand for ship supply services off the island of Sri Lanka grows, so too has GAC Sri Lanka. The company has moved into new, bigger premises at Galle and Trincomaleeand opened a new branch in Hambantota to accommodate increased maritime activities and better meet its customers' needs. excellent base for offshore ship supply services. Demand for such services is set to grow as the government opens up more areas for oil and gas exploration. The call for more LPG imports and exports of clean products in the Indian Subcontinent has also resulted in a rise in the demand for ship-to-ship transfer services. "Furthermore, there has been an increase in the movement of security personnel at Galle due to growing concerns about sea crime in the Indian Ocean.
ODU to Offer Undergraduate Major in Maritime Managment
Old Dominion University will offer a new undergraduate major in maritime and supply chain management in the fall of 2006. The major will be the first of its kind in Virginia, and the second in the country, according to school officials. It will be offered as a bachelor of science in the business administration degree program. Students will have to complete courses in business, accounting, economics, marketing, finance, information technology, management and general education classes. Specialized offerings include international shipping, supply chain and logistics, shipping management and port management, along with other supply chain and logistics course options.
Hutton's Unviels New Product Guide
Hutton’s, a U.K. ship supplier, will unveil its new Product Guide at this week’s IMPA trade show in London from September 11-12, 2013. The new Product Guide is available online, downloadable from the web and in electronic format on USB sticks – a clear sign that Hutton’s is keeping up with the latest advances in technology and remains at the forefront of the U.K. ship supply industry. Technical data sheets containing essential technical specifications such as conversions, flange guides etc.
ASA's Passionate Push For 300-Ship Navy
The American Shipbuilding Association, led by president Cynthia L. Brown, again reiterated the desperate need for increased naval ship construction now to stave off the natural progression of the U.S. fleet below the 300-ship level. The fact that the fleet has shrunk from 600 ships in 1987 to 324 ships today is only part of the problem, according to Brown, who says that procurement levels from DoD over the past seven years is, in essence, a budget for a 200 ship fleet. While experts active and retired have warned of a perilously thin fleet, the time is a hand when the number of ships in the U.S. arsenal will drop below 300, a psychological comfort level of sorts.
Maersk Gains From US Military shipments
Maersk, owner of the world’s largest shipping line, has benefited the most from the U.S. military’s dependence on commercial lines, according to a report in 'Longshore & Shipping News'. The company, based in Copenhagen, received almost half the military’s $1.82 billion in contracts last year to ship supplies and equipment around the globe, most of it tied to Iraq and Afghanistan, according to Defense Department data. Maersk also arranges rail and truck transport as part of the agreements. While the military accounts for a small share of Maersk’s revenue, the work tends to offer higher margins because of its specialized nature, said Jacob Pedersen, an analyst with Sydbank A/S (SYDB) in Denmark.
EU’s Borg Headlines ISSA Convention
EU Commissioner Dr Joe Borg is set for a public interface with global shipping luminaries when he addresses the International Ship Suppliers Association (ISSA) Convention to be held in Malta from October 18-21, 2007. Dr Borg served as Malta’s Foreign Minister before taking up his present post as EU Commissioner for Fisheries and Maritime Affairs. In a joint statement ISSA President Wim van Noortwijk and Alfred Borg, MSSA President, said: “Having Dr Borg in attendance should attract a number of extra people from the global shipowning community as well as from the ship supply sector. Commissioner Borg will be joined at the Convention by a host of other headline names.
DYT Completes First Voyage to Dubai
Dockwise Yacht Transport (DYT) recently delivered a shipment of pleasure yachts to Jebel Ali, Dubai on February 19, in time for the Dubai International Boat Show, which begins March 11th. The operation took place aboard the Lady Gloria, a ship supplied by BBC Chartering and Logistics, which partnered with DYT last October to expand global shipping options for DYT customers and will now regularly service Dubai and other previously hard-to-reach destinations. The same loading masters…