WASHINGTON, Feb 23 (Reuters) - The U.S. Federal Trade Commission said on Friday it would challenge in court the Norwegian company Wilhelmsen Maritime Services' plan to buy smaller U.S. rival Drew Marine Group. The FTC said the $400 million proposed deal would reduce competition in the market for marine water treatment chemicals, used in a ship's boiler water and engine … [Read more...]
Wilhelmsen and Wallenius Agree to Merger Deal
International maritime group Wilh. Wilhelmsen Holding and shipping company Wallenius Lines have signed a letter of intent to combine their jointly owned investments and merge ownership of the majority of their vessels. The companies say the new entity, to be named Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies … [Read more...]
OW Bunker Acquires Wilhelmsen Marine Fuels
Wilhelmsen Marine Fuels, a subsidiary of Wilhelmsen Maritime Services, has been acquired by OW Bunker and will be fully integrated as a wholly owned subsidiary starting 1 July 2014. “Bunker brokering is not a core activity for us, and we believe that Wilhelmsen Marine Fuels will benefit from and grow as part of an organisation mainly focusing on distributing and reselling … [Read more...]
Ships Agency Solution Gaining Traction says Wilhelmsen Ships Services GM
Wilhelmsen Ships Services (WSS) General Manager for Japan Yoshihiro Iizuka says that he expects more customers to sign up for its’ Ships Agency Re-Defined (SARD) solution throughout 2013 and beyond as the company prepares for Bariship 2013. Mr Iizuka comments: “From 2011 to 2012 the number of calls handled by our team in Japan grew by 10% and our SARD offer made … [Read more...]
After Gaining 73% in the Past 12 Months, Wilh. Wilhelmsen is Still a “Buy”
Wilh. Wilhelmsen ASA, the world’s largest vehicle transporter, extended gains in Oslo as Pareto Securities recommended investors buy the stock as limited supply and growing demand boosts the company’s earnings prospects. Shares in the company, based in Lysaker near Oslo, gained 0.5 percent to 53.25 kroner, outperforming the Bloomberg European Transportation … [Read more...]