Live From Nor-Shipping 2019

The Seatrade Maritime News reporting team bring you all the key stories in the run-up to, and live on the ground during, Nor-Shipping 2019 in Oslo from 4 – 7 June

Wilhelmsen Ship Management bets on offshore wind with 50% stake in NorSea Wind

Wilhelmsen Ship Management (WSM) is looking to a strong future in the offshore wind market acquiring a 50% stake in NorSea Wind.

NorSea Wind provides project management and logistics planning throughout all stages for on and offshore wind farm projects and the acquisition of the stake by WSM strengthens its position in the offshore wind market. NorSea Wind is part of the NorSea Group which as with WSM is part of the Wilhelmsen Group.

“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market,” said Carl Schou, president and ceo of Wilhelmsen Ship Management. “This acquisition complements WSM’s strong experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”

Earlier this year Schou told Seatrade Maritime News that the saw the offshore wind market as one that would grow exponentially.

Read more: Wilhelmsen Ship Management re-entering tanker sector after decade absence

In 2018, WSM, together with Norsea Wind, secured a frame agreement to provide a complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.

John Stangeland, president and ceo of Norsea Group, commented “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector.”

Posted 7 June 2019

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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