Wilh. Wilhelmsen

Wilh. Wilhelmsen Holding ASA
Public
Traded as OSE: WWI
Industry Shipping
Founded 1861
Headquarters Lysaker, Norway
Key people
Thomas Wilhelmsen (CEO)
Diderik Schnitler (chair)
Wilhelm Wilhelmsen (shareholder)
Cecilie Paus (shareholder)
Number of employees
Ca. 21,000
Website www.wilhelmsen.com

Wilh. Wilhelmsen Holding ASA (WWH)[1] is a global maritime industry group, headquartered in Lysaker, Norway. The group employs more than 21,000 people and has operations in 75 nations.[2] The company is Norway's largest shipping company and one of the world's largest.[3]

The WW group had an operating profit of 339 million United States dollars according to figures published in February 2015 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 time. For example, there have been at least four 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 Linje Akvavit 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 memorabilia from their various vessels.

The company was founded by Wilhelm Wilhelmsen in 1861. Since 1978 the main owners have been the siblings Wilhelm Wilhelmsen, Cecilie Paus and Helen Juell, and their now deceased brother Finn Wilhelmsen.[4] Their children, the fifth generation of the Wilhelmsen family, includes Thomas Wilhelmsen and his cousins Olympia Paus and Pontine Paus.

History

NOSAC tonnage

In 1861, the company was founded by (Morten) Wilhelm Wilhelmsen in the town 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.

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.

A turning point in the expansion of the Roll-on/roll-off operations was the full acquisition in November 1995 of NAL (Norwegian America Line) and its 7 Car Carriers. NAL also owned a 70% stake in NOSAC (Norwegian Specialised Autocarcarriers), already in partnership with Wilh. Wilhelmsen Line, that was owning the remaining 30% share. At that time, NAL was facing a cargo volume downturn and an overall profits reduction, that made register lower than expected financial results in 1994-1995. However the NOSAC takeover was fundamental not only to increase the fleet of nearly further 20 Car Carrier vessels, but also to fully step into the Korean market, where the company was previously awarded Kia Motors contract to ship cars from South Korea to United States, from 1996 to 1998[5].

Wilhelmsen family

The company's owners, the Wilhelmsen family, are descended from Wilhelm Zachariassen Holst (ca. 1732–1807), probably of Holstein origin, who worked at Vallø saltverk. His great-grandson was shipping magnate (Morten) Wilhelm Wilhelmsen (1839–1910), the founder of Wilh. Wilhelmsen. He was the father of ship-owner Halfdan Wilhelmsen (1864–1923), factory owner Finn Wilhelmsen (1867–1951), ship-owner Wilhelm Wilhelmsen (1872–1955) and businessman Axel Wilhelmsen (1881–1957)[6].

Halfdan Wilhelmsen was the father of Mistress of the Robes Else Werring (1905–89), married to ship-owner Niels Roth Heyerdahl Werring (1897–1990). Wilhelm Wilhelmsen (1872) was the father of ship-owner Tom Wilhelmsen (1911–78), who was the father of the current owners of the Wilh. Wilhelmsen company: Morten Wilhelm Wilhelmsen (born 1937), Cecilie Paus (born 1943) and Helen Juell (born 1947). Cecilie Paus is the mother of fashion designer Pontine Paus and of Olympia Paus, wife of Alexander Nix.[7]

Current operations

Shipping

MV Tortugas at the Port of Rotterdam, the Netherlands, 2008
MV Tortugas at the Port of Rotterdam, the Netherlands, 2008

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 manufacturers of cars as well as construction and agricultural machinery. In the car carrier market, they are the third largest carrier tonnage wise after MOL and NYK Line. On an annual basis, WW’s shipping companies transport 5 million cars and 12 million cubic metres of high and heavy and non-containerised cargoes.

The group both owns and charters vessels, which are deployed in the fleets operated by subsidiaries Wallenius Wilhelmsen Logistics, American Roll-on Roll-off Carrier, United European Car Carriers and EUKOR Car Carriers. This last, corresponding to the former Roll-on/roll-off division of Hyundai Merchant Marine, was jointly acquired for an 80% by Wilhelmsen and Wallenius Line in November 2002, once the European Commission officially cleared the purchase and consequent re-branding[8].

In June 2011, Wilh. Wilhelmsen acquired the MV Tønsberg, first of a class of "Mark V" roro ships built by Mitsubishi Heavy Industries; they are the largest roro ships in the world.[9]

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 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.

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) and is one of the world’s largest providers of third-party ship management services[10].

Wilhelmsen Ship Management, the WMS crewing and management company, at one time managed roughly 290 vessels and has a pool of 10 000 seagoing personnel.

Accidents and casualties

During the early hours of 14 December 2002, MV Tricolor (ex Nosac Sun, built in 1987) was sailing from Zeebrugge, Belgium to Southampton, U.K., with a load of nearly 2871 brand new BMW, Volvo and SAAB automobiles. She collided in the English Channel with mv Kariba, a 1982 Bahamian-flagged container ship. Kariba was able to continue on, but Tricolor sank and required salvage by wreck cutting. No casualties occurred[11].

List of current Wilhelmsen Lines ships

List of ships as of January 2011
NameTypeOperatorWW OwnershipBuiltFlag
MV TønsbergRoll-on/roll-offWilh. Wilhelmsen Line100%2012Malta
LPGC AyameVery large gas carrierWilh. Wilhelmsen LineN/A2010Singapore
MV TirrannaLarge Car/Truck CarrierWilh. Wilhelmsen Line100%2009Norway
MV ToscanaPure Car/Truck CarrierWilh. Wilhelmsen Line100%2009Norway
MV TorinoPure Car/Truck CarrierWilh. Wilhelmsen Line100%2009Norway
MV TijucaLarge Car/Truck CarrierWilh. Wilhelmsen Line100%2008Norway
MV ToreadorPure Car/Truck CarrierWilh. Wilhelmsen Line100%2008United Kingdom
MV TomarPure Car/Truck CarrierWilh. Wilhelmsen Line100%2008United Kingdom
MV TarifaPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm T/C2007Bahamas
MV TaliaPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm T/C2006Bahamas
MV TaipanPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm T/C2006Bahamas
MV Morning ConcertPure Car/Truck CarrierEUKOR Car Carriers Inc.100%2006United Kingdom
MV TombarraPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV ToledoPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV TopekaPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV TortugasPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV TorrensPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV TorontoPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B2004United Kingdom
MV TamerlaneRoll-on/roll-offWilh. Wilhelmsen Line100%2001Norway
MV TalismanRoll-on/roll-offWilh. Wilhelmsen Line100%2000Norway
MV TaragoRoll-on/roll-offWilh. Wilhelmsen Line100%2000Norway
MV TamesisRoll-on/roll-offWilh. Wilhelmsen Line100%2000Norway
MV FreedomPure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1997United States
MV HonorPure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1996United States
MV EnduranceRoll-on/roll-offAmerican Roll-on/roll-off Carrier50%1996United States
MV ResolvePure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1994United States
MV IntegrityPure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1992United States
MV CouragePure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1991United States
MV PatriotPure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1987United States
MV TancredPure Car/Truck CarrierEUKOR Car Carriers Inc.Longterm B/B1987Norway
MV TrianonPure Car/Truck CarrierWilh. Wilhelmsen LineLongterm B/B1987Norway
MV TrinidadPure Car/Truck CarrierWilh. Wilhelmsen Line100%1987Norway
MV Tai ShanPure Car/Truck CarrierEUKOR Car Carriers Inc.Longterm B/B1986Norway
MV TakaraPure Car/Truck CarrierEUKOR Car Carriers Inc.Longterm B/B1986Norway
MV TascoPure Car/Truck CarrierWilh. Wilhelmsen Line100%1985Norway
MV LibertyPure Car/Truck CarrierAmerican Roll-on/roll-off Carrier50%1985United States
MV TagusPure Car/Truck CarrierWilh. Wilhelmsen Line100%1985Norway
MV TampaRoll-on/roll-offWilh. Wilhelmsen Line100%1984Norway
MV TaikoRoll-on/roll-offWilh. Wilhelmsen Line100%1984Norway
MV TexasRoll-on/roll-offWilh. Wilhelmsen Line100%1984Norway
MV TerrierPure Car/Truck CarrierEUKOR Car Carriers Inc.100%1982Norway
MV TalabotRoll-on/roll-offWilh. Wilhelmsen Line50%1979Singapore
MV TampereRoll-on/roll-offWilh. Wilhelmsen Line50%1979Singapore
MV TobaRoll-on/roll-offWilh. Wilhelmsen Line50%1979Singapore
MV TapiolaRoll-on/roll-offWilh. Wilhelmsen Line50%1979Singapore
MV TourcoingRoll-on/roll-offWilh. Wilhelmsen Line1978Singapore

References

Notes

  1. "Wilh. Wilhelmsen – restructuring for future growth". wilhelmsen.com. 15 March 2010. Retrieved 28 August 2012.
  2. Cecilie Paus in Kapital
  3. Shaping the Maritime Industry
  4. Dagens Næringsliv, 17 September 2009
  5. https://www.marinemoneyoffshore.com/node/6287
  6. "Wilhelmsen – Store norske leksikon". snl.no (in Norwegian). 2012. Retrieved 28 August 2012.
  7. Alexander Nix' norske kone er rederarving, Dagbladet
  8. http://www.mondaq.com/content/pr_article.asp?pr_id=558
  9. "Wilhelmsen new ro-ro is biggest ever". The Motorship. 28 May 2011. Retrieved 1 July 2012.
  10. Careers at Wilhelmsen
  11. https://web.archive.org/web/20110913164335/http://www.wilhelmsen.com/about/press/newsandpress/Pages/Tricolorwreckremovalcontractsignedtoday.aspx

Bibliography

  • Bakka, Dag (1995). Speed & Service: Wilhelmsens's First Century in Australia. Sydney: Maritime Heritage Press. ISBN 1876059001.
  • Bland, A L; Crowdy, Michael; Syse, J P (1961). Wilh. Wilhelmsen, 1861-1961: the firm and the fleet. Kendal, England: World Ship Society. OCLC 12565838.
  • Kolltveit, Bård; Crowdy, Michael; Bangsmoen, Hans Christian; Kjaervik, Per H (1994). Wilh. Wilhelmsen, 1861-1994. Kendal, England: World Ship Society. ISBN 0905617738.
  • Kolltveit, Bård; Bangsmoen, Hans Christian (2011). Wilh. Wilhelmsen 150 years: 1861-2011: History and Stories. Lysaker, Norway: Dinamo Forlag/Wilh. Wilhelmsen. ISBN 9788280712431.
  • Syse, J.P.; Howells, Astri; Crowdy, Michael (1978). Wilh. Wilhelmsen, 1861-1977: a brief history: a fleet list. Kendal, England: World Ship Society. ISBN 0905617053.
  • Wilh. Wilhelmsen, 1861-1961: A Short History of 100 Years' Activity. Oslo: Wilh. Wilhelmsen. 1961. OCLC 2622667.
  • "List of Wilhelmsen lines ships". Wilh. Wilhelmsen. Archived from the original on 8 August 2010. Retrieved 11 January 2011.
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