President of Wilhelmsen Ship Management, Carl Schou, said, 'We have zero tolerance towards bribery and corruption and being TRACE Certified simply affirms our commitment to transparency in all our work processes and services. We are proud to be part of international efforts to tackle corruption in the shipping industry.'

Certification by TRACE signifies completion of internationally accepted due diligence procedures that are stringent and forthcoming during the review process. Wilhelmsen Ship Management promises commercial transparency to valued business partners, industry regulators and multinational companies.

'By independently becoming TRACE Certified, Wilhelmsen Ship Management is helping to raise anti-bribery compliance standards across the shipping and maritime industry. We applaud them for their commitment to integrity and transparency and look forward to other ship owners and logistics companies continuing to follow their lead,' said Alexandra Wrage, President & Founder of TRACE International.

TRACE developed the Shipping and Maritime Initiative and through this, established strategic partnerships with organizations that have made anti-bribery a priority. These partnerships raise awareness of anti-bribery compliance and provide shipping and port agents with access to TRACEcertification, an internationally accepted due diligence review, analysis and approval process for the third parties of multinational companies.

Contact information:Carl Schou, President Wilhelmsen Ship Management
+60 32084 5890 / Carl.Schou@wilhelmsen.com

About Wilhelmsen Ship Management
Wilhelmsen Ship Management (WSM) is a part of Wilhelmsen Maritime Services, a Wilh. Wilhelmsen Group company. WSM is one of the world's largest third party ship manager with a portfolio of more than 450 vessels and 11,000 active seafarers. WSM provides technical and crew management services for various vessel segments; LNG/LPG, Ro-Ro and PCC/PCTC vessels, FPSO/FSO, Container, Cruise, Bulk, Seismic and Offshore.
WSM manages from six offices worldwide and a crewing network of 20 manning offices in 12 countries. Other key services include dry docking services, lay-up services, new building supervision, Inventory of Hazardous Materials (IHM) and green ship recycling

About TRACE
TRACE International and TRACE Incorporated are two distinct entities with a common mission to advance commercial transparency worldwide by supporting the compliance efforts of multinational companies and their third party intermediaries. TRACE International is a non-profit business association that pools resources to provide members with anti-bribery compliance support while TRACE Incorporated offers both members and non-members customizable risk-based due diligence, anti-bribery training and advisory services. Working alongside one another, TRACE International and TRACE Incorporated offer an end-to-end, cost-effective and innovative solution for anti-bribery and third party compliance.

Wilh. Wilhelmsen Holding ASA issued this content on 09 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2016 08:28:20 UTC

Original Document: http://www.wilhelmsen.com/services/maritime/companies/barbership/AboutBarber/PressRoom/PressNews/Pages/WSM-traceInternational.aspx