Significant changes to the reporting boundary for this period
In 2017, there was a change to the Wilhelmsen group ownership structure affecting the reporting boundary for this period.
In April 2017, the Wallenius Wilhelmsen Logistics ASA (WWL ASA) merger was completed and listed on the Oslo stock exchange. Wilhelmsen holds a 37.8% shareholding in the new entity with a seat on the board and a representative in the nomination committee.
Because of this change, the shipping and logistics activities resulting from WWL ASA operations are no longer included in the boundary of our reporting. Further information on WWL ASA sustainability can be found on the company’s website.
There was also a change to the Wilhelmsen group ownership structure in 2017 that will affect the reporting boundary for the next period (2018).
In September 2017, Wilhelmsen increased its shareholding in NorSea Group (NSG) from 40% to 74.11%. Wilhelmsen holds two seats on the board and representative in the nomination committee. NSG will be included in the boundary of the Wilhelmsen group reporting from 2018. Further information on NSG can be found on the website.
The maritime services segment is wholly owned by Wilhelmsen and included in the boundary of the Wilhelmsen group reporting for 2017.
Ship management provides full technical management, crewing and related services for all major vessel types with the exception of oil tankers.
Ships service is a global provider of standardised product brands and service solutions to the maritime industry focusing on marine products, marine chemicals, maritime logistics and ships agency.
Corporate services and Insurance services are also included in this report.
Entities not included for this period
The supply services and solutions, shipping and land-based logistics, and other interests are not included in this report for 2017:
- NorSea Group (74.11%) (to be included in 2018)
- WilNor Governmental Services (owned 51% directly and 49% through NorSea Group)
- Wallenius Wilhelmsen Logistics (37.8%)
- Treasure ASA (72.7%)
- Qube (4.8%)
- Maritime Innovation Lab (100%)
- Wilhelmsen Ferd Offshore (50%)
- Ivaldi (20%)
- Survitec (20%)