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4-Traders Homepage  >  Equities  >  Oslo Bors  >  Wilh Wilhelmsen Holding ASA    WWI   NO0010571698

WILH WILHELMSEN HOLDING ASA (WWI)
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Wilh. Wilhelmsen Hol : “High uptake on ships agency in Japan and North East Asia”, reports WSS Director

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04/10/2012 | 06:34pm CEST

As it prepares for Sea Japan, Wilhelmsen Ships Service (WSS) has reported strong growth in the number of owners in Japan and North East Asia signing up for its' Ships Agency Re-Defined (SARD) offer.

Neal De Roche, Area Director WSS North East Asia said: "Since launching SARD globally at the end of 2010 we have seen high levels of uptake from the North East Asian shipping community, with growth levels of around 15% throughout 2011. Japanese vessel operators and owners are extremely positive about the fact that SARD provides a unique 'one point of contact' system. In fact, SARD can save up to three hours per port call for our Japanese customers. This is crucial to guarantee efficient operations and fast turnaround".

Victoria Ship Management Inc., one of Japan's leading ship managers, has been a SARD customer since December 2010.  Mr. Shinsuke Fujii, Managing Director commented; "We acknowledged the main benefits of SARD and we are satisfied with the SARD service provided by WSS".

Launched in 2010, SARD allows customers to deal with all of their ships agency requirements from one central point, with improved communications between the agency and the operator, resulting in efficiency savings, predictable pricing and a single bank account for all payments, facilitating easy access to online job and tracking information.

General Manager WSS Japan, Junichi Saito, is confident that take-up of SARD will continue throughout 2012. "SARD is different to any other ships agency offer in the market right now, because it offers global, world-class services at a local level. Our team works in the same time zone and speaks the same language as our customers and Japanese owners can take advantage of the scheme globally, not just in the home islands", he says. "We continue to invest heavily on resource and expertise in Japan and across North Asia to meet the increasing demands of this growing maritime hub. Currently, we cover 180 ports in Japan with four main service centres and offices located in Tokyo, Yokohama, Kobe and Moji.".

Sea Japan will take place from 18-20 April at the Tokyo Big Sight Exhibition Centre. WSS Japan will be exhibiting at the show, alongside Wilhelmsen Technical Solutions (WTS).

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Contact information:
Naja Boone, Communication Manager, International Marketing,
Wilhelmsen Ships Service
Tel: +47 67 58 4166 (office) +47 93 07 90 19 (mobile)
naja.boone(at)wilhelmsen.com

Joanne Lan, Marketing Manager,
Region Asia Pacific, Wilhelmsen Ships Service Shanghai, China
Tel: +86 21 6086 3952 (office) +86 186 0216 2447 (mobile)
Joanne.lan(at)wilhelmsen.com

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Financials ($)
Sales 2018 875 M
EBIT 2018 41,0 M
Net income 2018 199 M
Debt 2018 305 M
Yield 2018 3,06%
P/E ratio 2018 5,63
P/E ratio 2019 5,46
EV / Sales 2018 1,69x
EV / Sales 2019 1,44x
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 45,0 $
Spread / Average Target 80%
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Managers
NameTitle
Thomas Wilhelmsen Group Chief Executive Officer
Diderik Børsting Schnitler Chairman
Christian Berg Group Chief Financial Officer
Carl Erik Steen Independent Non-Executive Director
Irene Waage Basili Independent Director
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