Wilson ASA enters into agreement with Arkon Shipping to strengthen European presence

As part of the necessary consolidation of the European Short Sea shipping market, Wilson ASA and Arkon Shipping GmbH & Co. KG has signed an agreement making the combined systems the largest short sea player in Europe.

Wilson will take about 20 dry bulk carriers on a long-term lease from Arkons’ represented coaster fleet, including state of the art Hanse Eco newbuildings with delivery in 2 years’ time. Wilson will be ready to perform all contracts and client commitments currently performed by Arkon. As an exclusive Commercial Representative Arkon will become an integrated part of Wilsons chartering system and handle export fixtures for the whole Wilson fleet in the Mediterranean.

A larger system and market organization will increase efficiency, reduce overall ballast, improve opex and extend the European shipping network in line with the expansion strategy of the Wilson Group. This agreement will secure capacity, strengthen the logistic systems, and provide security for the clients. The combined logistic systems will also be better prepared to meet new and stricter environmental requirements from the European industry going forward.

The agreement underpins the common long-term belief in the market despite the Covid-19 pandemic. 

The agreement may be subject to approval for relevant authorities and is scheduled to be implemented during the second half of 2020 with start-up earliest September 1, 2020.

Wilson will after the agreement operate a fleet of more than 130 ships of which 92 are owner controlled.

Bergen, 25.05.2020.

Wilson ASA

Arkon Shipping Gmbh & Co. KG

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act