• 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.




2017 December 9

06:36 Hapag-Lloyd to increase rates for all cargoes and all container types from North East Asia to Australia
06:35 British Ports looking for cross border trade solutions as the UK and EU pass first big hurdle in the Brexit negotiations
06:30 Polarcus secures funding for 3D broadband project in Australia
04:11 CMA CGM GROUP completes the acquisition of MERCOSUL Line and strengthens its service offering in South America

2017 December 8

21:46 Neptumar agency successfully completes challenging two-phased delivery of project cargo from China to St. Petersburg
18:17 Yamal LNG loads first batch of LNG on Christophe de Margerie tanker
18:06 Wison multifunctional LNG Distributor granted AiP by DNV GL
17:06 China Classification Society signs Framework Agreement with MAN
16:58 Sredne-Nevsky Shipyard is ready to lay down yet another mine countermeasures vessel for RF Navy (photo)
16:27 Ice-class ships Spasatel Demidov, Admiral Lazarev and Admiral Serebryakov will assist vessels in the Kerch Strait this winter (photo)
16:05 MAN PrimeServ China signs Service Station Agreement with Zhoushan Xinya Shipyard
15:36 CMA CGM premium service to optimize CO2 emissions
15:34 Morsviazsputnik and Qiwi Blockchain Technology signed cooperation agreement (photo)
15:10 Port of Liepaja (Latvia) handled 6 mln t of cargo in 11M’17, up 18% Y-o-Y
14:46 ABB opens first ABB Ability™ Collaborative Operation Center in China
14:19 ABB AbilityTM extended with digital turbocharging solutions for marine
13:48 Sovcomflot’s Christophe de Margerie named Engineering Project of the Year at 2017 Platts Global Energy Awards
13:43 Jumbo signs LOI to order new LNG powered offshore construction vessel
13:25 Bunker prices go down at the port of Novorossiysk, Russia (graph)
13:01 Teekay Tankers announces management change
12:30 Le Havre, France hosts "Women in Port Management" course
12:01 Port of Virginia posts results for Nov 2017
11:43 LUKOIL starts drilling of first production well at Filanovsky field's Phase 2
11:22 FESCO transported 21 000 tons of cargo to northern Russia
11:01 BMT awarded new funding for autonomous navigation
10:40 Brent Crude futures price up 0.06% to $62.24, Light Sweet Crude – up 0.02% to $56.7
10:19 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
10:01 Diana Shipping announces time charter contract for m/v Boston
09:38 Murmansk Sea Fishing Port handled 308,800 t in 11M’17, up 8.8% (photo)
09:20 Baltic Dry Index up to 1,679 points
09:13 Wärtsilä Linesafe for propeller shafts revolutionises bearing design
08:12 Ports of Long Beach and Los Angeles ask for proposals to reduce vessels’ at-berth emissions
07:11 ME-GI/ME-LGI dual-fuel engines hit 100,000 operating hours
06:12 ABS Executive lays out vision for future of shipping
05:12 Fincantieri launches new cruise ship “Nieuw Statendam”
04:13 London leads with first Air Quality Strategy for a UK port
03:13 CSSC GWS smart ship project achieves LR cyber-enabled ship (CES) descriptive notes
02:13 DNV GL presents GTT and TECHNOLOG with GASA statement for exoskeleton LNG tanks
01:24 SBM Offshore awarded turnkey contract for Statoil’s Johan Castberg turret mooring system

2017 December 7

18:15 MABUX Weekly Report: Rising oil production in the U.S. may pressure bunker prices
18:11 Throughput of port Riga (Latvia) down 6.7% to 31.11 mln t in 11M’17
17:50 Antwerp will host European Environmental Ports Conference on 16-17 May 2018
17:28 The Port of Gdansk gets yet another EU subsidy
17:05 Crowley’s newest LNG-fueled ConRo ship launched at VT Halter Marine
16:35 Prosafe extends standstill agreement with Cosco
16:16 Port Bronka presents railway-yard project for Russia to take over dry bulk cargo flows (photo)
16:05 OOCL introduces Japan Vietnam Service
15:37 Wärtsilä enters joint project agreement for shuttle tanker development
15:12 Aker Solutions to design Johan Castberg FPSO accommodation unit
15:03 Russian Arctic to face period of serious changes - Deputy PM of Russia
14:37 Seaports of Ukraine handled 121 mln t of cargo in 11M’17, up 0.6% Y-o-Y
14:14 USPA and EBRD signed an Agreement on joint development of concession projects in two ports
13:51 Warships of RF Navy's Pacific Fleet arrive on visit to Myanmar
13:20 Marintec China: DNV GL awards DSIC a pair of AiP certificates
13:00 USC is looking into building 40 MW icebreaker powered by LNG
12:38 Russia's state expert evaluation authority approves Phase 1 of Vostochny-Nakhodka transport hub (photo)
12:02 Throughput of port Murmansk expected to make 51 mln t in 2017, 71 mln t in 2020
11:59 Damen delivers Cutter Suction Dredger 450 to Vesirakennus Ojanen Oy in Finland
11:39 Coal transshipment facilities to be shifted from the center of Murmansk to the western coast of the Kola Bay
11:11 Light fuel is in short supply at the Far East ports of Russia (graph)