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Wilhelmsen Ship Management relocates joint venture to Athens
Wilhelmsen Ship Management relocates joint venture to Athens

Wilhelmsen Ship Management (WSM) announces the relocation of its joint venture, Diana Wilhelmsen Management Limited (DWM) from Cyprus to Athens. The relocation is part of WSM's growth strategy poised to increase its fleet in crew and technical ship management. "We have seen an increase in the appetite for third-party ship management in the Greek market. With the new strategic location, we are in a better position to strengthen our relationship with current owners and potential clients," says Carl Schou, CEO and President of WSM. Ship management service WSM's ship inspection service currently has a strong client base in the Greek market. WSM aims to increase its foothold by providing competitively priced professional third-party ship management services to the shipping community in Greece.   DWM is a 50-50% joint venture with Diana Shipping Inc. Established in 2015, DWM provides professional third-party ship management services in the commercial and technical management of dry bulk vessels.

Wilhelmsen and NorSea prepare for potential new chapter in the ocean story – marine minerals
Wilhelmsen and NorSea prepare for potential new chapter in the ocean story – marine minerals

“As the energy transition continues to gather pace, we are actively looking at new projects and business areas, outside of the oil and gas industry, where NorSea’s unique port infrastructure and proven service and supply know-how can continue to be a key driver of success." "The development of the seabed mineral industry in Norway is far from certain, but partnering with a frontrunner like Loke, which has such focus on developing new technologies and systems to safely and sustainably extract minerals from Norwegian waters puts us in an interesting position,” says John Stangeland, group CEO of NorSea. Clean energy technologies Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand for the metals currently used in electric vehicle batteries, clean energy technologies and consumer electronics. Norway is utilising its well-established oil and gas industry expertise Found in rock concentrations on the seabed and metallic layers that form on the sides of seamounts, Norway is utilising its well-established oil and gas industry expertise, and experiences to lead the way when it comes to outlining the potential of seabed minerals, for value creation and domestic employment. Core maritime competencies Rich with in-demand metals, such as copper, zinc, cobalt, scandium, and additional rare earth elements, the minerals on the Norwegian Continental Shelf (NCS) alone are estimated, by an independent study conducted by the Norwegian University of Science and Technology, to be worth a total of USD 100 billion and could support the creation of 20000 new jobs. Commenting on the deal, Jan Eyvin Wang, Executive Vice President of Wilhelmsen’s New Energy segment says, “We are focused on supporting the energy transition in the right way with the right partners throughout the ocean space. Bringing our global footprint and expertise into play in a new potential marine market, Loke Marine Minerals will now be able to benefit from our core maritime competencies, long-standing relationships, digital capabilities, and experience developing offshore wind and hydrogen services and decarbonised solutions.”     Licence application process They established the company in 2019 with the ambition to create an international marine minerals company The trio of veteran oil and gas industry experts behind Loke Marine Minerals recognised the opportunities offered by seabed minerals early on. They established the company in 2019 with the ambition to create an international marine minerals company. Currently developing patent-pending technology, Loke’s ESG-focused, minimal impact technical solutions aim to position it at the front for the highly anticipated licence application process for mineral mining on the NCS. “We are very excited and pleased to get these first class and top choice companies to join on the owner side of Loke. We see great benefits for the exciting phase the company now is entering from what they are bringing to the table, with regards to knowledge, experience, and culture. Their complementary business areas are an ideal match with our ambition of becoming an international leading marine minerals company,” says Walter Sognnes, CEO of Loke Marine Minerals. Expertise in subsea robotics Alongside NorSea and Wilhelmsen, TechnipFMC is also a co-investor in Loke, with an ownership of 18%. Providing services and systems to the energy industry, Technip FMC’s subsea innovation, technology and robotics compliment the integrated logistics, project management and marine know-how of NorSea and Wilhelmsen. We are pleased to partner with Loke in the development of this important resource" Jonathan Landes, President, Subsea at TechnipFMC commented, “We are pleased to partner with Loke in the development of this important resource. Our culture of collaboration, integration, and innovation, along with our expertise in subsea robotics and extensive history on the NCS can help meet the rising demand for new technologies and resources that are driving the energy transition.” Environmental impact assessment Norway is one of the only countries to have formalised marine mineral legislation with the Seabed Mineral Act in 2019. Following a detailed public consultation earlier this year the Norwegian government is now preparing an in-depth environmental impact assessment, ahead of its final decision on licencing approval for exploration and production. The decision is expected in the second quarter of 2023. NorSea Group and Wilhelmsen, will be represented on the Loke Marine Minerals’ board by Wilhelmsen’s Espen Gjerde, VP Strategy and M&A.

Wilhelmsen partners with Klüber Lubrication to exclusively sell and distribute maritime lubricant range
Wilhelmsen partners with Klüber Lubrication to exclusively sell and distribute maritime lubricant range

As of August 1st, 2021, Wilhelmsen will begin to take over sales, logistics and consulting for Klüber Lubrication’s maritime portfolio for its sea-going vessels. Initially within European countries and Southeast Asia, followed by the rest of the world from October onwards.  Kjell André Engen, Executive Vice President of Marine Products, Wilhelmsen says, “This exclusive partnership pairs Klüber Lubrication’s market-leading marine lubricants with our unrivalled sales, customer service and supply network. Stronger together, customers old and new will quickly recognise the clear financial and operational value of our partnership.” Ship maintenance Complementing Wilhelmsen’s existing marine products portfolio, Klüber Lubrication’s premium speciality lubricants, including Environmentally Acceptable Lubricants (EALs) match performance with longevity and are designed for a variety of vessel and port applications. Providing proven protection against wear, Klüber Lubrication’s premium products allow longer intervals between maintenance and help increase the lifespan of ship components. In-depth maritime expertise Wilhelmsen marine products portfolio offers added value for owners, operators and managers to optimise their vessel operations Along with the clear financial and environmental incentives for choosing Klüber Lubrication, customers old and new will now benefit from Wilhelmsen’s in-depth maritime expertise, established global distribution network and dedicated account manager set-up. In addition, access to the wider Wilhelmsen marine products portfolio offers obvious added value for forward-thinking owners, operators and managers looking to optimise their vessel operations. In parallel to the Wilhelmsen partnership, Klüber Lubrication will also continue to drive innovation working directly with original equipment manufacturers. Competent consulting Christoph Köhler, Head of Global Business Team Marine at Klüber Lubrication says, "In 2018, Klüber Lubrication and Wilhelmsen signed cooperation. Following intensive preparatory work, we are now combining our respective strengths.” “The aim is that operators of ships, shipyards and dry docks can purchase innovative, high-performance speciality lubricants from a single point of contact all over the world. Promptly, reliably and with competent consulting provided." Customer service Dedicated to delivering unparalleled customer service, to provide the specialist support often required for this product type, Wilhelmsen’s Marine Products team have undergone in-depth training on Klüber Lubrication’s products and their applications.

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