Wilh. Wilhelmsen

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Wilh. Wilhelmsen Holding ASA
Type Public (OSE: WWI)
Industry Shipping
Founded 1861
Headquarters Lysaker, Norway
Key people Thomas Wilhelmsen (CEO)
Diderik Schnitler (chair)
Employees 16,000 incl landbased organisation, joint ventures and seafareres (2009)[citation needed]
Website www.wilhelmsen.com
References: Figures from annual report 2009 [1]

Wilh. Wilhelmsen Holding ASA (WWH)[1] is a global maritime industry group, headquartered in Lysaker, Norway. The group employs approximately 16,000 people and has operations in 73 nations.

The WW group had an operating profit of USD 240.8 million United States dollar according to 2009 figures published in February 2009[2] and is listed on the Oslo Stock Exchange. It was founded on 1 October 1861 in Tønsberg. Though the company's first vessel was the Mathilde in 1886, they started making profits only after the vessel "Talabot" in 1887. Thence, all their ships have been named, started with the letter "T", often leading to the same name given repeatedly to different ships over the ages . For example, there have been at least 4 ships named "Talabot" ranging from tankers to ro-ro vessels.

The ground floor of the head office also houses (close to the entrance) an honorary consul office. One of the underground chambers houses casks of Linea Aquavit that are carried in containers on their ships, and usually served at staff meetings and annual officer get-togethers in the ground floor. The first and second floors also house memoriblia from their various vessels.

Contents

[edit] History

In 1861, the company was founded by Morten Wilhelm Wilhelmsen in the village of Tønsberg, Norway. During the next two decades, Wilhelmsen's fleet increased with an average of one ship per year and by 1886 Wilhelmsen was Tønsberg's largest shipowner.

In 1886, Wilhelmsen's eldest son, Halfdan Wilhelmsen joined the firm and was instrumental in the company's move from sail ships to its first steamship. In late 1887, the company acquired the 1,800-ton freighter, Talabot. The steamship was a profitable investment for the Wilhelmsens and the letter "T" became synonymous with the company's naming tradition for its vessels. (See above for trivia regading the fixation of the letter "T")

In 1890, Halfdan Wilhelmsen laid the basis of the company's core business - liner trades. In 1911 NAAL (The Norwegian Africa and Australia Line) was established.

[edit] Wilh. Wilhelmsen restructure

On 15 March 2010, the board of directors of Wilh. Wilhelmsen ASA (WWI) resolved to propose a new company restructuring in which the shipping and the logistics activities would be carried forward in a separate entity and establishing a new parent company for the group.[3]

[edit] Current Operations

[edit] Shipping

WW conducts shipping activities and specialises in roll-on roll off cargo, especially for large project and awkward cargoes like train coaches, small aircraft and large industrial machinery. This is aided by the fact that their ro-ro vessels have large ramps that can support up to 420 tonnes cargo weight at a time. Together with its partners (Eukor and Wallenius Lines), the group controls some 160 car and roll-on/roll-off carriers operating in a global network of trades. Its customers include the world's leading manufacturers of cars as well as construction and agricultural machinery. However, in the car carrier market, they are well behind MOL (the largest car carrier company) and NYK lines (the second largest car carrier company). Due to MOL and NYK having deep and historic relations with the large car manufacturers, it is improbable that this situation will change much. On an annual basis, WW’s shipping companies transport 5 million cars and 12 million cubic metres of high and heavy and non-containserised cargoes.

The group both owns and charters vessels, which are deployed in the fleets operated by subsidiaries Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll-on Roll-off Carrier.

[edit] Integrated logistics services

In association with maritime transport, WW offers various types of logistics service on land – terminal and technical services, procurement of inland transport and supply chain management for vehicles. In addition to well-developed logistical services offered through WWL, the WW group has interests in South Korea's Glovis, Australia's Kaplan and the two US companies American Auto Logistics and American Logistics Network.

[edit] Maritime services

WW’s wholly owned Wilhelmsen Maritime Services (WMS) subsidiary offers services like agencies in many ports. These earlier were marketed under the name "BARWIL" (named after Barber - Wilhelmsen).

Wilhelmsen Ship Management, the WMS crewing and management company, at one time managed roughly 290 vessels and has a pool of 8 000 seagoing personnel. However, as of 2010, they manage roughly 90 ships.

WMS also has the Wilhelmsen Ships Equipment - earlier called UNITOR services, which focuses on maritime systems and environmental solutions, while the newly established Wilhelmsen Marine Engineering is the leading independent supplier of electrical, automation and HVAC systems to the marine and offshore markets.[citation needed]

[edit] List of Current Wilhelmsen lines Ships

List of ships as of 2011 January:

Vessel name     Type    Operator        WW Ownership    Built   Flag
MV Tirranna     LCTC    WWL     100%    2009    NIS
MV Tijuca       LCTC    WWL     100%    2008    NIS
MV Toscana      PCTC    WWL     100%    2009    NIS
MV Torino       PCTC    WWL     100%    2009    NIS
MV Toreador     PCTC    WWL     100%    2008    UK
MV Tomar        PCTC    WWL     100%    2008    UK
M/V Tarifa      PCTC    WWL     Longterm T/C    2007    BAH
M/V Talia       PCTC    WWL     Longterm T/C    2006    BAH
M/V Taipan      PCTC    WWL     Longterm T/C    2006    BAH
M/V Morning Concert     PCTC    EUKOR   100%    2006    UK
MV Tombarra     PCTC    WWL     Longterm B/B    2004    UK
MV Toledo       PCTC    WWL     Longterm B/B    2004    UK
MV Topeka       PCTC    WWL     Longterm B/B    2004    UK
MV Tortugas     PCTC    WWL     Longterm B/B    2004    UK
MV Torrens      PCTC    WWL     Longterm B/B    2004    UK
MV Toronto      PCTC    WWL     Longterm B/B    2004    UK
MV Freedom      PCTC    ARC     50%     1997    US
MV Honor        PCTC    ARC     50%     1996    US
M/V Resolve     PCTC    ARC     50%     1994    US
M/V Integrity   PCTC    ARC     50%     1992    US
M/V Courage     PCTC    ARC     50%     1991    US
M/V Patriot     PCTC    ARC     50%     1987    US
MV Tancred      PCTC    EUKOR   Longterm B/B    1987    NIS
MV Trianon      PCTC    WWL     Longterm B/B    1987    NIS
[[M.V.Taishan]]MV Trinidad      PCTC    WWL     100%    1987    NIS
MV Tai Shan     PCTC    EUKOR   Longterm B/B    1986    NIS
MV Takara       PCTC    EUKOR   Longterm B/B    1986    NIS
MV Tasco        PCTC    WWL     100%    1985    NIS
M/V Liberty     PCTC    ARC     50%     1985    US
MV Tagus        PCTC    WWL     100%    1985    NIS
MV Terrier      PCTC    EUKOR   100%    1982    NIS
MV Tamerlane    Ro-ro   WWL     100%    2001    NIS
MV Talisman     Ro-ro   WWL     100%    2000    NIS
MV Tarago       Ro-ro   WWL     100%    2000    NIS
MV Tamesis      Ro-ro   WWL     100%    2000    NIS
M/V Endurance   Ro-ro   ARC     50%     1996    US
MV Tampa        Ro-ro   WWL     100%    1984    NIS
MV Taiko        Ro-ro   WWL     100%    1984    NIS
MV Texas        Ro-ro   WWL     100%    1984    NIS
M/V Talabot     Ro-ro   WWL     50%     1979    SIN
M/V Tampere     Ro-ro   WWL     50%     1979    SIN
M/V Toba        Ro-ro   WWL     50%     1979    SIN
M/V Tapiola     Ro-ro   WWL     50%     1979    SIN
M/V Tourcoing

[edit] References

[edit] External links

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