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Press release |
Motion Ventures debuts S$30M fund anchored by Wilhelmsen to pioneer innovations tackling maritime value chain challenges
validation points for product-market fit & scale paths for startups via a corporate consortium of investors & backing from the Singapore Government’s SEEDS Capital. SINGAPORE, 25 FEB 2021 - Motion Ventures, the consortium-driven investment fund powered by Rainmaking
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Press release |
Results for the fourth quarter 2020
Wilhelmsen delivers a net profit of USD 198 million for the fourth quarter lifted by increased profit in associates and a strong increase in financial asset values. “Income from our operating activities were on par with the previous quarter,” says Thomas Wilhelmsen
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Press release |
WilNor acquires the Norwegian military naval base Olavsvern
WilNor Governmental Services AS (WGS), through its subsidiary company WGS Properties AS, has acquired 66% of the shares in the Olavsvern Group AS. WGS, a Wilhelmsen group company is a key logistics partner for the Norwegian armed forces and allied NATO forces
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Press release |
Wilhelmsen’s Topeka hydrogen project awarded NOK 219 million
The Wilhelmsen led project, to construct the world’s first zero emission hydrogen vessels, has been awarded 219 million Norwegian kroner (MUSD 25) by the Norwegian government-owned organisation Enova. These funds will enable Wilhelmsen to further develop the
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Press release |
Results for the third quarter 2020
Wilhelmsen delivers a net profit of USD 146 million for the third quarter, up from USD 57 million in the second quarter. All the underlying businesses showed stable development, with improved net profit predominately driven by a strong uplift in market value
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Press release |
HySHIP project clinches EUR 8M funding award
Ground-breaking maritime innovation project is granted EUR 8m in European funding as Norwegian government announces strengthened focus on development and commercialization of hydrogen as a carbon-neutral fuel. The revolutionary HySHIP project embraces 14 European
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Press release |
Wilhelmsen and Hyundai Glovis deepen ties with wide-ranging new agreement
Signing an ambitious and comprehensive MOU, the two companies will exchange expertise and competency to improve existing technology and service areas, along with looking for new opportunities to shape the future of the maritime industry. This new phase of a business
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Press release |
Results for the second quarter 2020
Wilhelmsen records a USD 57 million profit in the second quarter, supported by stable contribution from operating activities and recovery of financial asset values. “Slower global shipping activities had a negative effect on income for our maritime services
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Press release |
Wilhelmsen, NorSea and partners launch new dedicated wind logistics company Elevon
Leveraging in-depth logistical expertise and resources, Elevon’s sole aim is to get more wind turbines spinning. Elevon is a new venture between NorSea and Abnormal Load Services (ALS), two companies already well established within the wind industry. They
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Press release |
Results for the first quarter 2020
Good operational performance overtaken by significant fall in financial asset values. This resulted in a USD 284 million net loss for the Wilhelmsen group in the first quarter. Commenting on the quarter, Thomas Wilhelmsen, group CEO, starts with highlighting
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