NEWBUILDING CONTRACT

Wilson has entered into an agreement with a
Chinese shipyard for the construction of a series
of 8 bulk vessels of 4.500 dwt.

As part of the company`s stated growth strategy,
Wilson has today entered into an agreement with a
Chinese shipyard; Shandong Baibuting Shipbuilding
Co Ltd (Rong Cheng, China) regarding the
construction of 8 bulk vessel of 4.500 dwt. The
agreement contains various reservations from both
parties, hereunder mutually acceptable guarantees.
The subjects are expected to be lifted during
first quarter 2008.

The vessels are scheduled to be delivered from mid
2010 until primo 2012 and will have a cost price
to the yard of about MUSD 10,4/vessel. Final
information about the agreement will be made
public as soon as the subjects are lifted and the
contract becomes effective.

Wilson is currently operating a fleet of 107
vessels of which 47 within the 3-4.500 dwt segment.

Om oss

The Company’s business concept is to offer Norwegian and European industry competitive, secure, reliable, flexible and long-term maritime transport services. With large transport volumes and long-term transport portfolios, Wilson can optimise sailing patterns and achieve efficient operations and thus secure long-term stable earnings. The Company’s strategy is to focus on growth and expansion in the European dry cargo segment by increasing the volume of long-term freight contracts, purchasing tonnage, acquiring companies or entering into alliances with other players. The Company’s financial strategy is to keep focus on and control risk, as well as hedge against major fluctuations in general market conditions for Wilson by aiming for: - A high contractual share of the total freigt volume- A reasonable balance between contract portfoilio and freight capacity- A balanced currency risk- Reduced exposure to fluctuations in bunker pricesAs a part of Wilson’s company culture, core values and ethical guidelines have been prepared and implemented. Wilson’s core values are to be: reliable, service minded, professional, long term, solid, competitive and innovative.

Abonner