Search results for: WWH

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  • 8 May 2015
    Business & Finance

    A strong US dollar and reduced operating costs helped Norway’s Wilh. Wilhelmsen Holding ASA (WWH) offset a decrease in total income driven by seasonally lower demand for seaborne transportation, according to the company’s financial report for the quarter ended March 31. WWH delivered a total income of USD 866 million for the first quarter, a 3% decline […]

  • 5 August 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has seen an increase in total income and operating profit adjusted for non-recurring items compared with a weak start to the year, with all business segments seeing a positive development in underlying operating profit. WWH delivered a total income of USD 792 million, while the operating […]

  • 24 March 2017
    Business & Finance

    A slowdown in global trade, weak commodity prices and a strong USD continued to negatively affect Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding group’s (WWH) total income. Although the company’s operating profit for the full year 2016 increased to USD 327 million from USD 122 million seen in 2015, Wilh. Wilhelmsen Holding’s operating revenue for the period […]

  • 13 May 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) experienced “a sharp decline” in seaborne transportation as its auto volumes dropped 21 percent during the first quarter of 2016. The company’s maritime services segment delivered “a soft first quarter,” partly driven by seasonality. “The challenging shipping markets continuous impact on ship owners’ purchasing capabilities and as such […]

  • 11 February 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has opted for restructuring the company as it separates Den Norske Amerikalinje AS, which owns a 12% shareholding in Hyundai Glovis, from Wilh. Wilhelmsen ASA (WWASA). The demerged company, to be named Treasure ASA, will be separately listed. According to the group CEO of WWH, Thomas Wilhelmsen, the proposed demerger should improve transparency […]

  • 9 May 2013
    Business & Finance

    WWH’s operating profit and total income declined quarter on quarter and year over year mainly as a consequence of continued drop in shipping volumes and a less favourable cargo mix. In the second quarter, the group’s activity level is expected to be in line with the first quarter. Operating profit for the first quarter was […]

  • 14 February 2013
    Business & Finance

    Operating profit for the year 2012 increased by 48% while revenue grew by 13%. Driving the growth was astrong first half year in shipping together with positive contributions from logistics, maritime services and the NorSea Group. Second half year financial performance was affected by a downturn in high and heavy volumes resulting in a less […]

  • 11 November 2015
    Business & Finance

    Norwegian maritime industry group Wilh. Wilhelmsen Holding (WWH) reported USD 157 million operating loss for the quarter ended September 30, caused mostly by a USD 200 million provision related to ongoing anti-trust investigations in two of the company’s joint ventures, Wallenius Wilhelmsen Logistics (WWL) and EUKOR Car Carriers. The company’s bottom line for the quarter was also impacted by […]

  • 22 December 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) and Norwegian/Swedish shipping company Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments. Under the deal, the companies will combine ownership in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Wilh. Wilhelmsen ASA will issue […]

  • 5 September 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) and Norwegian/Swedish shipping company Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. Under the letter of intent, the parties will combine their ownership in the jointly owned entities Wallenius Wilhelmsen Logistics (jointly owned 100%), EUKOR Car Carriers […]

  • 11 October 2012

    ReportsnReports.com has added “Marine Power (Wave and Tidal) – Installed Capacity, Levelized Cost of Energy (LCOE), Profiles of Technology Developers and Key Country Analysis to 2030” market research report to its offering. Governments are embracing marine power as they attempt to combat climate change & an increasing dependence on fossil fuel and the UK has […]

  • 6 March 2013

    DONG Energy published the company’s 2020 strategy. Here is the short version. At the same time as DONG Energy announced its annual accounts for 2012, the strategy for 2020 was disclosed. DONG Energy has set clear ambitions for four focal areas. DONG Energy will: 1. Quadruple installed offshore wind capacity 2. Double oil and gas […]

  • 6 March 2013

    DONG Energy published the company’s 2020 strategy. Here is the short version. At the same time as DONG Energy announced its annual accounts for 2012, the strategy for 2020 was disclosed. DONG Energy has set clear ambitions for four focal areas. DONG Energy will: 1. Quadruple installed offshore wind capacity 2. Double oil and gas […]

  • 12 December 2016
    Project & Tenders

    For the latest article on Dutch tender, see: Oil & Gas Giant to Build Dutch Borssele III & IV Offshore Wind Farms The Dutch government will announce the result of the second Borssele Zone tender at 6 p.m. (CET) today, 12 December. The Netherlands Enterprise Agency (RVO.nl) received 26 applications for Borssele III and IV offshore wind […]

  • 13 December 2016
    Project & Tenders

    In the light of the recent results of Danish nearshore and Kiegers Flak tenders, both won by Vattenfall, Danish Energy Agency (DEA) has revised and updated its Public Service Obligation (PSO) projection. The estimated PSO spending until 2025 has now been reduced, compared to the August projection. Namely, the PSO cost in 2025 is now expected to […]

  • 13 December 2016
    Project & Tenders

    In the light of the recent results of Danish nearshore and Kiegers Flak tenders, both won by Vattenfall, Danish Energy Agency (DEA) has revised and updated its Public Service Obligation (PSO) projection. The estimated PSO spending until 2025 has now been reduced, compared to the August projection. Namely, the PSO cost in 2025 is now expected to […]

  • 21 September 2016

    Vattenfall has shared two videos of a WW2 mine with a 700kg explosive charge being unearthed from the seabed where Denmark’s 400MW Horns Rev 3 offshore wind farm will be constructed, and subsequently detonated. The mine had been identified during a geophysical survey of the specific area, which was conducted in 2015. The data collected was then analysed and […]

  • 8 June 2012
    Authorities & Government

    The Soc SEVA SRL has requested a state concession for the installation and maintenance of 28 wind turbines of 3.6 MW each, with towers 90m high, 120m rotor diameter, forming an industrial offshore plant for electricity production.  The location is in the territorial waters of northern Lake Sardinia, the municipalities of Porto Torres and Sassari, Gulf Asinara. Duration of […]

  • 8 June 2012
    Authorities & Government

    The Soc SEVA SRL has requested a state concession for the installation and maintenance of 28 wind turbines of 3.6 MW each, with towers 90m high, 120m rotor diameter, forming an industrial offshore plant for electricity production.  The location is in the territorial waters of northern Lake Sardinia, the municipalities of Porto Torres and Sassari, Gulf Asinara. Duration of […]

  • 13 September 2017
    Project & Tenders

    Vattenfall has invited tenders for the provision of wind turbine installation vessels that will work on Kriegers Flak and the two nearshore projects, Vesterhav Nord and Vesterhav Syd.

  • 22 July 2014
    Business & Finance

    Generous subsidies for renewables are unsustainable and have contributed to electricity prices for residential consumers more than doubling in Germany, placing a strain on consumers and the economy there. In addition, renewable subsidies have clearly generated disequilibrium in the power markets, as well as value destruction for most stakeholders: consumers, renewable companies, electric utilities, financial institutions, and investors, according to […]

  • 28 March 2017
    Authorities & Government, Business & Finance, Project & Tenders, Storage

    The European Commission has found support to be granted to the 600MW Kriegers Flak offshore wind farm in Danish territorial waters to be in line with EU state aid rules.