The two companies, which own all the shares in Dockwise, have hired Deutsche Bank Securities Inc to support an evaluation of options for its future. This process could lead to a sale of Dockwise.
“We take a positive view of the fact that Heerema, as the majority shareholder, now wants to assess future scenarios for Dockwise,” says Sjur Galtung, deputy group CEO of WW.
“Our earnings from Dockwise have been good as a result of the positive development in profits for this company in recent years. However, our holding is not to be considered a core investment.
“Since we are now in the midst of an extensive tonnage renewal programme for our core business, it is natural for us to consider exiting from Dockwise in the event of a sale.”
WW acquired 21.3% of the shares in Dockwise in 2001, when its shareholding in Offshore Heavy Transport was converted into shares in Dockwise. The group currently holds 24% of the latter’s shares.