• 2017 August 10 14:07

    Wilh. Wilhelmsen ASA posts results for the second quarter 2017

    Norway-based maritime industry group Wilh. Wilhelmsen Holding ASA suffered a net loss of USD 49 million in the second quarter of this year, compared to a net income of USD 23 million posted a quarter earlier.

    However, the group’s operating profit improved in the second quarter to USD 206 million from USD 0 million seen in the first quarter 2017, supported by increased activities in maritime services.

    The group delivered a total income of USD 344 million in second quarter. Adjusted for a non-recurring accounting gain the total income was USD 146 million, up 5% from the previous quarter.

    Significant structural activities took place the second quarter:

    Wilh. Wilhelmsen ASA and Wallroll AB merger was finalised, and Wallenius Wilhelmsen Logistics ASA listed on the Oslo Stock Exchange in April. Wilhelmsen has a 37.8% share of the new entity.

    With effect from 1 April, the group also took over Kemetyl’s sales and marketing activities for consumer products in Norway.

    The group announced an intention to buy the technical solutions business from Drew Marine. The final agreement is subject regulatory approval.

    In May, the group announced an intent to buy an additional 32% of the shares in the NorSea Group.

    “The first half was hectic with a broad range of activities,” notes Mr Wilhelmsen, and says that the group will continue to look for interesting opportunities to develop the group further.

    The annual general meeting held 27 April 2017 approved a dividend of NOK 3.50 per share to be paid on 11 May. The general meeting also authorised the board to declare further dividend of up to NOK 2.50 per share.

    The board expects the general business environment to remain soft, affecting most group activities and performance. Structural changes and performance improvement will continue to support an improvement in operating margin of main activities.

    Due to substantial structural changes, the group will communicate a new financial calendar no later than the fourth quarter.
     
    About Wilhelmsen

    Wilhelmsen is a global maritime industry group founded in 1861. We have the biggest maritime network in the world, with a presence in over 2 200 locations globally. Wilhelmsen serves over half of the worldwide merchant fleet with products and services, and supply crew and technical management for some of the most complex vessels in the world. Wilhelmsen also develops new and daring solutions, shaping the maritime industry for the future. Wilhelmsen investments seek to explore and develop new opportunities within the energy-, offshore- and maritime industry.




2018 February 26

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01:36 Swedish tanker operator sails five vessels under the Swedish flag

2018 February 24

17:06 HHLA: First 20,000 TEU container ship at Tollerort
17:02 Jumbo completes project for the Arkona offshore wind farm

2018 February 22

18:25 European Commission fines maritime car carriers, parts suppliers in three separate cartel settlements
18:11 Port of Gdansk expects multimilloin investments
17:51 Port of St. Petersburg bunker prices edge up (graph)
17:35 Russia’s antitrust regulator gives Transneft green light on Novorossiysk Commercial Sea Port deal
17:02 Maersk Line announces an increase in FAK rates from Far East to North Europe
16:02 The tall ship that harnesses the wind to recharge its batteries
15:29 Port of Tallinn opens passenger terminal A renovated arrivals hall
15:13 MABUX: Bunker market may continue moderate upward evolution next week
15:02 GoodBulk announces delivery of two Capesize vessels
14:40 New product tanker of RTS27M series Balt Flot 20 takes to the water at Krasnoye Sormovo Shipyard
14:02 European Commission issues decision concerning the Violation of European Antitrust Law
13:35 Vostochny Port JSC picks contractors for coal transfer stations Phase 3 project
13:32 HMM reaches over 10,000 TEU in terms of volume of its US Premium Service
13:02 Boskalis receives EUR 300 million Letter of Award for Singapore Finger Pier 3 development
12:24 Northwest Seaport Alliance container volumes decline in January
12:17 Bunker prices in Far East seaports close the week flat
12:12 Rolls-Royce to supply propellers and mission bay technology for UK Royal Navy’s Type 26 Global Combat Ship
10:41 Crude oil futures prices fell 0.81% to $64,89 in London, in New York – by 1.07% to $61,02
10:32 Waterborne freight in Ukraine rose in January by 71.7% to 300,000 tonnes
10:05 CMA CGM announces GRR from the U.A.E. to West Africa
09:18 Waterborne passenger traffic in Ukraine plummets 44.4% in January
09:13 Baltic Dry Index gains to 1146 points
09:05 Konecranes strengthens its bulk handling presence in Japan with a Model 4 mobile harbor crane
08:17 World port accelerator programme PortXL to be launched in Singapore

2018 February 21

19:06 Russia’s State Duma set to change tariff policy to lend a helping hand to inland water transport
18:07 ONE, OOCL and SACO Shipping use booking tool eBooking
17:43 Renovated Stena Line Terminal at Europoort starts operation
17:06 Project to map ocean floor by 2030 now operational
16:52 Rosterminalugol export coal terminal handles 3-millionth tonne YTD
16:22 Zelenodolsk Shipyard to host keel-laying of 11th Buyan-M class corvette, Feb. 23
15:03 Launching of RST27M Balt Flot 20 at Krasnoye Sormovo Shipyard slated for Feb. 22
14:14 NGO Shipbreaking Platform publishes list of ships dismantled worldwide in 2017
13:18 ATOMFLOT says Russia needs nine more icebreakers for the Northern Sea Route by 2025
13:01 Clarksons Platou collaborates with Maersk Line to provide shipping services in Egypt
12:43 Big Port of St. Petersburg imposes ice restrictions in the harbour effective as of March 7, 2018
12:31 Castellammare Di Stabia starts slipway works on the multipurpose amphibious unit
12:10 Rosterminalugol transferred over RUB 1.5bn of taxes to different budgets
12:01 Panama Canal hosts Cheniere Energy to discuss LNG’s Future at the waterway
11:25 MOL car carrier rescues castaways in the North Atlantic Ocean
10:53 Crude oil futures prices edge down 0.8% to $64,73 in London and 1% to $61,17 in New York
10:46 Sovcomflot and Shell ink time-charter agreements for Aframax LNG-powered duo
10:35 Vostochny Port obtains ISO 14001:2015 certificate
09:48 Port of St. Petersburg bunker prices move upward
09:26 Baltic Dry Index rises 2.76% to 1117 points

2018 February 20

18:37 Time is running out to register for the Dangerous Goods: New Requirements for Transportation Conference, March 1, 2018
18:31 Russian association of fishery businesses call to revise a 'fishing quotas per a keel' terms
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17:38 The Maritime CIO Forume Cyprus 2018 to be held in Limassol, March 27
17:03 DNV GL issues over 50,000 electronic certificates
16:55 RIMS secured a further class approval from Korean Register of Shipping for the use of drones during surveys
16:39 Taganrog Commercial Sea Port spent $156 000 on environment protection in 2017
16:34 Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services to increase uptime and reduce costs
16:04 Post-Brexit port health border disruption still a major concern for British ports
15:34 Goltens teams up with Yara Marine on SOx scrubbers
15:21 Taganrog Sea Commercial Port earmarked $74,4 to support social programmes in 2017
15:04 US Navy awards concept design contract to Fincantieri to evolve FREMM into FFG(X)