ShippingWatch

Wilhelmsen allocates USD 500 million to new business investments

Wilhelmsen shifts focus from the oil and gas segment to activities that, among other things, can help reduce CO2 emissions in the maritime industry. To promote these efforts, the company plans to invest USD 500 million in new businesses.

Photo: Wilhelmsen

Wilhelmsen makes organizational changes to make room for investments in new businesses that will help boost growth in, among other things, maritime services and the reduction of CO2 emissions.

For these segments, the company has set aside USD 500 million for new business investments. The long-term goal is to shift focus from oil and gas-related activities to activities in the renewable sector, states a press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs