• 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 October 20

18:31 Finnpilot Pilotage Ltd joins the ITS Finland network
18:10 Kari Wihlman appointed as Director-General of Finnish Transport Agency with effect from 1 January 2018
17:47 Rosmorport appoints Oksana Masyuk as Deputy Director for Economics and Finance of its Arkhangelsk Branch (photo)
17:19 Russian Railways's loading of export freight from ports increases by almost by 6% in 3 quarters of 2017
16:56 Scandlines Helsingborg-Helsingör expands capacity
16:28 USPA announced tender for construction of berth 1-z in Port of Odessa
16:03 Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
16:00 Wilson Sons Shipyards delivers SST-Aruá to SAAM SMIT
15:31 In 9M’17, TransContainer transported 1.31 mln TEUs, up 17.7% Y-o-Y
15:03 Otto Energy starts drilling of the ST 224 #1 well
14:29 Opening ceremony of Russian-Indian international Indra-2017 exercise held in Vladivostok
14:02 d’Amico International Shipping launches the first three LR1 vessels
13:30 Sea transport of Sevastopol carried 660,400 passengers in September 2017, down 3.2%, Y-o-Y
13:02 ICTSI orders hybrid RTGs for Manila flagship
12:44 Draft procedure for investment port duty assessment is available at federal portal for legal information (document)
12:22 Aker Solutions wins order for world's largest umbilicals system
12:19 APL starts new Korea China Straits service
12:05 LNG reloading station of Klaipėdos nafta applies highest safety standards
11:37 Major ASW ship Vice Admiral Kulakov enters the port of Alexandria
11:08 Zvezda Shipbuilding complex, Rosnefteflot and Taimyrneftegaz agreed to build and operate 10 Arctic shuttle tankers
10:43 Conference “LNG Fleet and LNG Bunkering in Russia”: registration is underway
10:20 Brent Crude futures price up 0.24% to $57.37, Light Sweet Crude – up 0.33% to $51.46
09:59 Innovative passenger catamaran Grifon presented in Saint-Petersburg (photo)
09:32 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,582 points

2017 October 19

18:01 Record shipment marks ABP Ipswich and Glencore support of UK farmer
17:38 Arab Association for Women in the Maritime Sector launched in Egypt
17:15 Throughput of port Kaliningrad in Jan-Sep'17 grew by 17% to 10.17 mln t
16:50 Throughput of the port of Rotterdam up 2% to 351.5 mln t in 9M’17
16:39 Panama Maritime Authority holds a kick-off ceremony for the construction of the new Amador Cruise Port
16:21 Russian and Greek ships to participate in 190th Anniversary of the Battle of Navarino
15:59 Hartmann Group's AHTS fleet secures long-term investment
15:39 Throughput of port Vyborg up 15% to 1.09 mln t in 9M’17
15:13 Throughput of port Vysotsk up 3% to 12.91 mln t in 9M’17
14:44 Throughput of port Primorsk in 9M’17 down 8% Y-o-Y to 44.68 mln t
14:38 MABUX: Global bunker prices may continue upward evolution next week
14:17 Throughput of port Ust-Luga up 11% to 76.02 mln t in 9M’17
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:25 Throughput of Big Port St. Petersburg up 10% to 39.48 mln t in 9M’17
13:02 TechnipFMC reaches an agreement to acquire Plexus’ exploration wellhead business
12:46 USC to transit to a new corporate management system
12:33 Knyaz Vladimir cruise liner ends 2017 navigation
12:31 Port of Fujairah and Dutch Port companies sign MOU
12:01 Prosafe updates operational results for Q3 2017
11:39 First vessel with coal shipped from Rosterminalugol to Portugal (photo)
11:20 Clean Marine receives a seven-system order from Inventor Chemical Tankers
11:08 Drydocks World recognized as the region’s best rig repair yard
10:54 Crude oil futures prices edge down 0.05% to $58,12 in London, in New York - 0.08% to $52,0 a barrel
10:41 Marine Institute CNIIMF to focus on LNG bunker market pricing at the Conference LNG Fleet & LNG Bunkering in Russia
10:08 Samsung Heavy Industries wins order to build LNG-FSRU
09:16 Baltic Dry Index edges up to 1566
09:08 Fincantieri starts dry dock works on Viking’s sixth ocean ship
08:16 Conductix-Wampfler’s LASSTEC Container Weighing System Earns OIML R51 Certification

2017 October 18

19:36 Experts to assess damage caused by tanker’s allision with Primorsk port’s pier
18:06 Scorpio Bulkers announces commitment for a new loan facility
17:36 New regular Ro-Ro service starts from Port of Koper to Japan
17:01 ABP’s Port of Ipswich welcomes Department for International Trade’s Export
16:31 Cammell Laird strikes ‘Teaming Agreement’ with BAE Systems in bid to build Type 31e Frigates
16:30 ABP’s Port of King’s Lynn helps support national infrastructure project
16:03 CMA CGM announces FAK rates from ISC to North Europe and Mediterranean