PURCHASE OF VESSELS

Wilson has entered into an agreement with German
shipowners Lohmann regarding the purchase of 2
vessels to further expand its market activities.

Wilson has entered into an agreement to acquire:
- MV Helen - 3.700 dwt, built in 1992
- MV Niklas - 3.700 dwt, built in 1992

Total purchase price has been agreed to EUR
7.650.000 and delivery of the vessels will be
January - February 2008. At delivery, the vessels
will be given Wilson-names.

The acquisition of an additional 2 vessels
substantiates Wilson`s stated growth strategy. The
company is also a firm believer in a continuous
healthy market for contracts of affreightments as
well as spot shipments in its various segments.
The purchase of MV Helen and MV Niklas represents
an increase in Wilson`s current fleet and will
contribute to improved carrying capacity and
operational flexibility.

After this transaction, Wilson will operate a
fleet of 109 vessels, whereof 75 are owned.

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