WManager 2-2023 by Wilhelmsen Ship Management

Corporate Magazine Issue 2 | 2023

RightProc - The Right Way for your Maritime Procurement Solutions

Enable, Enhance, Simplify.

Contents

President’s Message

Cover Story: RightProc

Wilhelmsen and MPC Capital acquire Zeaborn

Supporting our Customers for the EU ETS

Barber, A Legacy of Excellence Revived

Navigating the Waves of Change

A Meeting of Like-minded Stakeholders

Gastech Singapore 2023

Avenir LNG places LNG bunker trio with us

Celebrating Excellence: Certifications and Awards

Andreas’ Story: Shipping is more than just delivering packages

PMS Chennai Undergoes Refurbishment

Customer Events

Officer Conferences

Unity through Kimchi (recipe included)

Giving back to the community

Jubilee Celebration

Unleashing the Power of Teamwork

Celebrating Good Times

President’s Message Hello Readers As we look back on the year 2023 , I am excited to share the accomplishments that have and are shaping our journey and the strategic initiatives positioning us for the future. Starting with the latest news first we successfully acquired Zeaborn Ship Management together with MPC – which we already have a good working relationship with through our joint venture Wilhelmsen Ahrenkiel Ship management. This acquisition reinforces our commitment to growth and quality and strengthens our commitment to excellence and exemplifies our focus on meeting and exceeding our clients’ expectations.

As we celebrate the past year’s achievements, let us carry the spirit of quality, commitment, and innovation into the coming year. I extend my deepest gratitude to each Wilhelmsen Ship Management family member for your dedication and hard work. Together, we have navigated through challenges, celebrated successes, and forged a path toward a promising future. To our Customers, I want to thank you all for your support and for choosing us as your ship manager. May the coming year bring new opportunities, continued growth, and shared success.

We have revived the iconic Barber brand to deliver quality services to our tanker customers. This revival is a testament to our dedication to heritage, tradition, and, most importantly, providing unparalleled services that stand the test of time. Towards the end of last year, we created RightProc, our new upstream procurement company, which marks a significant milestone in our pursuit of efficiency and excellence. RightProc is more than a company; it is our commitment to redefine industry standards and elevate our services to unprecedented heights. This venture reflects our dedication to providing top-notch solutions in the complex landscape of marine industry procurement. I am also proud to highlight our commitment to diversity at Wilhelmsen. In a recent feature with the Greek media outlet Naftemporiki, we discussed our initiatives and efforts towards fostering a diverse and inclusive workplace. Our strength lies in our differences, and by embracing diversity, we enrich our perspectives and enhance our collective capabilities.

With regards,

Carl Schou, CEO & President of Wilhelmsen Ship Management

Cover Story: RightProc The Right Way for your Maritime Procurement Solutions

Environmental, Social, and Governance (ESG) goals are paramount in today’s dynamic maritime landscape. ESG provides a structured approach to measuring, reporting, and managing a company’s progress in these areas, contributing to a sustainable future. With the impending EU Corporate Sustainability Reporting Directive in 2024, sustainability reporting will become mandatory for many businesses. This directive mandates companies to conduct due diligence within their supply chains, demonstrating their evaluation of ESG impacts, risk assessment, and mitigation measures. We are witnessing growing demand from our Clients seeking enhanced transparency and support in achieving their ESG targets. Procurement is now expanding beyond traditional downstream operational procurement. We must adopt a strategic approach to marine procurement to future-proof the maritime supply ecosystem. As a maritime industry leader, we must continuously explore ways to enhance our services and guide the industry towards

sustainable practices. We are committed to optimizing our Clients’ operations and delivering exceptional value, as we have always done. Recognizing the evolving landscape and the increasing emphasis on procurement’s role in achieving ESG goals, we are thrilled to introduce RightProc, our new strategic procurement initiative. RightProc provides comprehensive strategic procurement solutions tailored to the maritime and shipping sectors. Combining strategic procurement expertise with advanced data analytics, RightProc will expertly manage our upstream procurement, delivering superior value to our Clients within a robust ESG framework. We are thrilled to empower our Clients with surpassing new benchmarks in efficiency, cost-effectiveness, and overall operational excellence.

RightProc’s services encompass: • • • •

Identifying cost savings opportunities through collaborative sourcing, spend consolidation, and intelligent replenishment strategies. Fostering stronger collaborations with suppliers and other value chain partners to influence supplier relationships and align sustainability objectives positively. Expanding accountability, transparency, and management throughout the supply chain. Providing additional assurance on critical ESG risks within the maritime supply chain, including continuous sanction screening of suppliers, enhanced human rights checks, Scope 3 greenhouse gas emission reporting, and rigorous supplier audits.

Navigating the New Frontiers of Procurement: An Interview with John Beck, Vice President, Procurement In the dynamic and ever-evolving business landscape, the role of procurement is undergoing a remarkable transformation. Procurement has evolved from a mere transactional function into a strategic driver of value creation, innovation, and sustainability. Amidst this paradigm shift, RightProc has emerged to lead the industry with its innovative approach to procurement solutions. At the helm of this transformative endeavour is John Beck, a visionary leader with a deep understanding of the complexities of modern maritime procurement. 4

In this exclusive interview, we explore John’s insights on the future of procurement, the role of data analytics in driving strategic procurement decisions, and the critical importance of ESG integration in procurement practices. Join us as we delve into John’s thought leadership, exploring the transformative potential of RightProc in shaping the future of maritime procurement.

Mr John Beck and the RightProc team

Question: What ignited the vision for RightProc and spurred its creation? John: The vision for RightProc emerged from a long-held desire of Wilhelmsen Ship Management to revolutionize procurement practices, prioritizing sustainability and responsibility. Strategic topics of carbon reduction, human rights and sanctions are important to us, support the core values of the Wilhelmsen Group and are aligned with our intentions to contribute actively and positively to the targets of the UN Sustainable Development Goals (SDGs). There was a growing need to align procurement decisions with these principles. We created RightProc to address these challenges and foster responsible procurement practices. We aim to revolutionize procurement by offering responsible upstream category management. We enable our customers to optimize their supply chains, futureproof them for new directives, and achieve greater value through this. We intend to transform maritime procurement into a force for good. Question: What sets RightProc apart from our competitors? John: RightProc stands out from our competitors through a unique combination of customer focus, strategic procurement approach, data-driven insights, and a deep commitment to ESG principles. We prioritize understanding our client’s unique needs and aspirations, going beyond mere transactional procurement to develop strategic solutions that align with their broader business objectives. We shift the paradigm from transactional to value-added purchasing, identifying opportunities to deliver tangible value through optimized supply chains, reduced costs, and enhanced operational efficiency. We leverage data analytics to consolidate supplier bases, ensuring alignment with our client’s value proposition, reducing Scope 3 emissions, and enhancing compliance with regulatory requirements. Our expertise seamlessly manages upstream procurement activities without disrupting our clients’ downstream operations, maintaining uninterrupted supply chain continuity and optimized resource utilization.

We proactively embed ESG principles into our procurement practices, fostering a responsible sourcing ecosystem that prioritizes sustainable practices, fair labour standards, and ethical governance. Data analysis drives informed decisionmaking, enabling us to optimize our procurement strategies continuously. We go beyond reactive procurement; we proactively identify and implement innovative solutions to address emerging challenges and seize new opportunities. Our deep understanding of ESG’s importance and that of futureproofing our clients’ operations and building a sustainable supply chain drives our approach. We fully embrace the EU’s CSRD, aligning our procurement practices with the highest responsible sourcing and sustainability standards. These distinctive factors make us a trusted partner for clients seeking to optimize their procurement processes, enhance their ESG profile, and achieve sustainable long-term growth. Question: What can your suppliers expect from you? John: Our suppliers can expect a strong partnership with RightProc, characterized by collaboration, guidance, and mutual growth. We recognize the unique challenges small and mediumsized enterprises (SMEs) face in adapting to evolving market standards. We proactively support them in preparing for new requirements, ensuring they have the resources and expertise to meet our expectations and align with our shared goals and objectives. We also open up new avenues for suppliers, granting them access to a broader customer base and a larger volume of business. This expanded reach can significantly enhance their competitiveness and growth opportunities. We are committed to helping our suppliers enhance their competitiveness by providing valuable insights, training, and support. Access to our extensive network and expertise enables them to benchmark their practices, identify areas for improvement, and adapt to the ever-changing business landscape. We believe in open and transparent communication with our suppliers. We take a collaborative approach to resolving issues, sharing information, and fostering a mutually beneficial relationship.

Our Supplier Code of Conduct: We uphold the highest ethical and responsible sourcing standards and expect our suppliers to do the same. Our comprehensive Supplier Code of Conduct outlines our expectations for labour practices, environmental sustainability, and ethical governance. We will work with our suppliers to ensure they fully comply with these standards. 5

Wilhelmsen and MPC Capital acquire Zeaborn

From left to right: Dr. Michael Silies (MD WASM), Michael Brandhoﬀ (MD Zeaborn), Carl Schou (CEO & President Wilhelmsen Ship Management), Constantin Baack (Board member MPC Capital), Dr. Philipp Lauenstein (CFO MPC Capital).

Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100 % of the company Zeaborn Ship Management (“Zeaborn”). The acquisition is the consistent next milestone in the partnership between Wilhelmsen and MPC Capital and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management (“Wilhelmsen Ahrenkiel”) and tanker specialist Barber Ship Management (“Barber”). Zeaborn manages a fleet of around 100 vessels, comprising of container ships and bulkers as well as tankers and multi-purpose vessels, which are managed from offices in Hamburg, Limassol, Singapore and Manila.

We are excited to expand our cooperation with MPC Capital, based on an already successful partnership. The acquisition of Zeaborn is our strategic move to expand and strengthen our market presence in the ship management arena. The transaction will increase our vessels in management to a size that we are conﬁdent that we can continue to deliver the best ship management services to our existing and future customers. We are committed to ensuring a successful integration that prioritizes our customer’s interest. Carl Schou, CEO and President of Wilhelmsen Ship Management

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•

Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Hamburg-based Zeaborn Ship Management The close partnership between Wilhelmsen and MPC Capital will be strengthened by the expansion of an integrated third-party ship management hub with a wide range of services for container ships, bulk carriers, tankers and multipurpose vessels This transaction creates a leading ship management hub anchored in Hamburg

Creating a leading competence center for ship management With the full integration of Zeaborn into the joint technical management activities of Wilhelmsen and MPC Capital, the partners create a leading competence center for thirdparty ship management in Hamburg. After the integration of Zeaborn, the combined activities will continue to operate under the brand names of Wilhelmsen Ahrenkiel and Barber, respectively. The joint activities will be co-headed by Managing Directors Dr. Michael Silies and Michael Brandhoff. Michael Silies has been with MPC Capital since 2003 and has headed Wilhelmsen Ahrenkiel since 2020. Michael Brandhoff has been Managing Director of Zeaborn since 2021.

As a Hamburg-based company with an outstanding track record in shipping activities we feel many overlaps in tradition and values with the Wilhelmsen group as our partner. As such, we are excited to grow our ship management platform. With the integration of Zeaborn’s complementary client base and services we further strengthen our market position in the ship management business. Combining our expertise with that of Zeaborn will allow us to deliver an outstanding service oﬀering. Ulf Holländer, CEO of MPC Capital

Wilhelmsen and MPC Capital actively drive market consolidation The expanded joint ship management activities of Wilhelmsen and MPC Capital will continue to be managed from Hamburg with a total fleet of more than 150 vessels in technical management. Wilhelmsen and MPC Capital, both established groups with strong family ties, are thus actively driving market consolidation and advancing Hamburg’s position as a major ship management hub.

The closing of the transaction is expected for Q1 2024 and is subject to approval by the competent antitrust authorities.

Supporting our Customers for the EU ETS

The European Emissions Trading System (EU ETS), a cornerstone of the EU’s climate action strategy, stands as the world’s pioneering and largest carbon market. Effective January 1, 2024, the maritime industry will join the EU ETS, marking a significant step towards reducing greenhouse gas emissions.

The recently released European Union’s Monitoring, Reporting, and Verification (EU MRV) dataset for shipping’s CO2 emissions in 2022 reveals noteworthy year-on-year changes despite a modest reduction in the industry’s emissions. The EU MRV regulation mandates ships over 5,000 gross tons to report CO2 emissions to and from EU and EEA ports. This is the basis for the industry’s integration into the EU Emissions Trading System (ETS).

We support our customers on a path of effortless compliance and strategic management with our tailored suite of services designed for the dynamic environment of the EU ETS. At the forefront of sustainable solutions, we offer a spectrum of services designed to meet their expectations. From data handling to strategic commercial guidance, our commitment is to navigate the complexities of EU ETS with precision.

We stand ready to support shipowners and charterers in navigating and fulfilling all compliance obligations related to EU ETS management.

These are the core pillars of our offerings:

Procurement of Allowances

Data Handling and Verification

We provide continuous support in accessing the complex and volatile compliance markets for buying and selling EUAs.

We enable 3rd party verification services for emissions data to help avoid disputes between owners and charterers. This data is then securely provided to a private Hecla-powered Emissions Management digital platform bespoke for customers.

Registry Account Management We ensure reliable and legally compliant registry account management and facilitate all account activities to guarantee transfer transactions.

Annual Surrendering We safeguard the annual surrendering process to match verified MRV emissions with registry holdings to avoid the risk of legal ramifications and fines.

Commercial Advice We provide bespoke commercial advice to integrate the complexities of the EU ETS into their business model and successfully manage compliance obligations.

Paving the way with Hecla Hecla Emissions Management AS is our joint venture with Affinity Shipping LLP. The Company has been established as a neutral and independent provider of compliance services relating to the European Union Emissions Trading System (EU ETS). Hecla centralises the ETS value chain within one workflow and allows customer oversight through its digital platform.

Over 600 vessels have signed up to Hecla

The company’s offering will be the first of its kind, offering a complete outsourcing service for shipping ETS management. The service integrates technical ship management and carbon allowance procurement to support shipowners, managers, and operators in the new era of emissions compliance. Following the agreement in December among EU negotiators to include maritime shipping in the EU ETS, ship owners and operators will need to acquire emission permits for 40% of their applicable emissions in 2024, increasing to 70% in 2025 and 100% in 2026 and every year after that.

A Legacy of Excellence Revived: Barber Ship Management’s Voyage into the Future

Reviving the old standards of the “Barber” brand

Reviving the “Barber” brand in the world of tanker ship management is no stroll in the park. This task now rests on the shoulders of Roine Alquist, the CEO of Barber Ship Management. He candidly shares the unvarnished truth about his journey so far.

In the maritime world, seizing new opportunities is part of the journey. Barber is a joint venture between Wilhelmsen Ship Management and MPC Capital. Being the former name of Wilhelmsen Ship Management, the brand name “Barber” is not new to many veterans in the shipping industry. The rationale for bringing back this old brand name has a deeper meaning - to revive the mark of excellence in ship management. We discussed their challenges, vision for the future, and what makes them an ideal choice for ship management needs with Roine, who takes the helm as CEO of Barber Ship Management.

Question:

Roine, can you tell us about the signiﬁcance of resurrecting the brand “Barber” in the maritime industry?

What sets Barber Ship Management apart from other tanker management companies in the industry?

Roine:

Certainly. The Barber name carries a legacy of excellence and commitment to the highest standards in ship management. By bringing back this trusted brand, we’re paying homage to our heritage and making a bold statement - that we are dedicated to upholding the same level of excellence that Barber represents.

Our distinguishing factor is our commitment to managing the ships as if they were our own with an asset management perspective and all the commercial and operational benefits of that approach layered with first-class personalized service. We recognize that each client has unique needs and tailor our solutions accordingly. Backed by the Wilhelmsen group, the maritime powerhouse with the largest maritime network, our global reach to other geographical areas is second to none.

Question: Assuming leadership of a “new” ship management company is a substantial undertaking. What motivated you to lead Barber Ship Management, and what challenges have you faced thus far?

Roine: My motivation is deeply rooted in my passion for the maritime industry and my belief in the potential for innovation and excellence. Leading Barber Ship Management is a privilege and a challenge. One notable challenge has been establishing trust as a newcomer. Nevertheless, we’ve remained focused on principles of transparency, safety, commercial value creation for the clients, operational excellence and sustainability, which have guided us through the initial phases of our journey.

Question: What’s your vision for Barber Ship Management’s future in the maritime industry?

Roine:

Question:

Our vision is clear - we want to be recognized as a leader in the maritime world, known for innovation, excellence, and an unwavering dedication to our clients. We aspire to do more than just pure technical management and take further responsibilities in the front end of commercial operations to support our client’s core business of operating their ships for profit. Furthermore, we are driven to deliver positive change in the tanker industry through collaboration, pushing the boundaries of sustainability, and delivering unparalleled customer satisfaction.

Safety is paramount in tanker management. How does Barber Ship Management address these critical aspects?

Question:

Roine:

In conclusion, why should clients do business with Barber Ship Management?

Safety is the bedrock of our operations at Barber Ship Management. We’ve taken a robust approach to ensure safety is a fundamental part of our culture. One of our key strengths is that Barber’s operation is built on the solid foundation of the Wilhelmsen platform, leveraging nearly five decades of proven processes and systems in Ship Management. This access allows us to tap into a wealth of experience and best practices in ensuring the safety of our operations. Additionally, Barber Ship Management benefits from the support of Wilhelmsen’s established shared service centre. This collaboration ensures a streamlined and consistent support experience across our entire fleet. Safety is not just a commitment in words; it’s deeply embedded in our operational DNA. We aim to give our clients peace of mind that their vessels are managed with the utmost care and diligence. Safety is non-negotiable, a promise we uphold at every stage of our operations.

Roine: We’re not just a new face in the industry; we’re a symbol of dedication and excellence. Allow us to prove ourselves, and we will not disappoint you. When you choose Barber Ship Management, you select a partner dedicated to your fleet’s success, safety, and sustainability. We understand this industry’s many opportunities, challenges, and complexities, and we’re here to provide a service and solutions that genuinely make a difference. At Barber, we always do what we say!

Roine Alquist CEO of Barber Ship Management

Navigating the Waves of Change: A Deep Dive into Ship Management, Decarbonization, and Diversity at Wilhelmsen

Our CEO and President, Carl Schou gave an interview to Naftemporiki

Our CEO and president, Carl Schou, believes there are great opportunities for ship managers ahead. In an interview with Naftemporiki, one of Greece’s business news publications, he discusses today’s significant challenges the maritime industry faces and addresses topics like crew shortages, diversity and decarbonisation.

Question: What exactly are the roles and responsibilities of a thirdparty management company when taking over a shipowner’s ﬂeet?

Carl: When a third-party management company takes over the management of a shipowner’s fleet, its primary goal is to ensure the efficient and safe operation of the vessels. In Wilhelmsen, we categorise it into four main elements: crewing, technical, emissions and OPEX management. The ship manager is responsible for recruiting a competent crew to operate the vessel and implementing systems and processes onboard to manage it. These systems and processes are required to ensure the crew’s safety and maximise the vessel’s operational reliability. In the new era of emission consciousness, the ship manager is responsible for monitoring the emissions and optimising operations to minimise emissions. These three elements collectively influence the vessel’s operational expenses. Therefore, the ship manager optimises operational expenses by adeptly managing all three facets. Striking a good balance among these four elements represents the art of ship management. It sets one ship manager apart from another. 12

Question: Shipping analysts predict that third-party management will enhance its presence in the Greek shipping market. Do you agree? What are the prospects of companies like yours in the future?

Carl: Yes, I agree. There are more opportunities and prospects now compared to 5 years ago. The barriers to managing ships have increased due to the increased regulatory regimes. For some ship owners to remain competitive, they must seek out reliable ship managers with established systems and processes that can manage their vessels costefficiently and comply with all regulations. Ship managers can provide access to economies of scale in bulk purchases, allowing ship owners to reduce their operating expenses considerably. How an owner selects the correct manager comes down to the owner’s profile. We are ship managers with a proven track record. For 48 years, we have consistently delivered our services to the shipping community under the steadfast ownership of the Wilhelmsen group. With over 160 years of maritime history, the Wilhelmsen group’s evolution from ship owners to one of the world’s largest maritime networks has paved a solid foundation of values emphasising doing things the right way and a strong people culture. We define ourselves as performance-driven people who value relationships and tradition while being ambitious in our goals. We are confident that we can attract Greek ship owners who resonate with our philosophy and are looking for a trusted partner to navigate the complexities of modern ship management.

Question: What are Wilhelmsen’s suggestions concerning decarbonisation? Zero-carbon fuels will probably not be viable for some years. How can shipping companies reduce ﬂeet emissions amid a stringent regulatory environment?

Carl: We project that by 2030, approx. 70% of the fleet will still be on conventional fuel, while 20% will use LNG. The remaining 10% of the fleet will run on alternative fuels such as ammonia and methanol. We are focusing on the incremental changes that can be made to support our owner’s goal to reduce emissions. One key enabler is our established digital systems that track and monitor emissions. Our data warehouse enables extensive analysis and has led to the development of leading KPIs that can assist our shore employees and crew onboard to reduce fuel consumption. Crew competency is also crucial to achieve that. We are developing emission-conscious crew members to equip them with the knowledge and motivation to take initiatives that align with the shipowner’s emission reduction objectives. This holistic strategy encompasses technology, data-driven insights, and skilled personnel, positioning your operations for a sustainable and environmentally conscious future.

Question: Given the fact that there is a shortage of qualified officers, do you encounter difficulties when searching for new employees? How does the Russia-Ukraine war affect these efforts?

Carl:

We have actively recruited seafarers in traditional nations like the Philippines and India—however, our core strategy centres on developing our seafarer pool through our cadetship program. We firmly believe in nurturing and shaping our pool of seafarers from their cadet phase, as this approach consistently develops officers who possess the competencies and values aligned with our organisation’s standards. This dual-pronged approach addresses immediate staffing needs and invests in our maritime operations’ long-term sustainability and excellence.

Question: Wilhelmsen announced recently that Mrs. Rosemelyn De Villa Boongaling took over her ﬁrst command on AS Patria. How does the company promote diversity practices in the maritime environment?

Carl: Mrs Rosemelyn is our 2nd female captain. Our first female captain is Ms Lee Eu Ran, who took over her first command in 2022. Both captains began their careers with us as cadets and steadily advanced. However, it’s important to note that female seafarers represent a small fraction, currently comprising only 1% of our seafaring team. To enhance gender diversity, we’re actively boosting our female representation through our cadetship program. Furthermore, we’ve established an internal female seafarer support group to foster open discussions concerning challenges faced onboard and personally. We’re committed to creating a thriving and inclusive environment for our female seafarers. We are proactively exploring ways to achieve this goal.

Seafarer shortages, particularly for officers, have persisted as an industry challenge for decades. Despite these ongoing shortages, the shipping industry has demonstrated remarkable resilience and adaptability to ensure the continuous operation of vessels, with no reported instances of ships being halted due to crew shortages.

Captain Rosemelyn De Villa Boongaling, our second female captain

A Meeting of Like-minded Stakeholders: Sustainable Shipping and the Maritime Industry

We had the pleasure of collaborating with Ships Service and Port Services to host the Sustainable Shipping Initiative (SSI’s) biannual members’ meeting in Singapore. SSI is a collective of stakeholders hailing from across the maritime industry. The members comprise various industry stakeholders, from charterers, ship financiers, owners and port authorities. This meeting hosted by Wilhelmsen saw SSI’s members come together to discuss multiple sustainability issues within the industry and exchange ideas on best practices for tackling these issues.

The first day began with members taking a tour around Ships Service’s Pandan Loop warehouse. Members got a firsthand look at Ships Service’s warehouse operations, relevant safety procedures to ensure the safety of the employees and efforts Ships Service is making in transitioning towards a greener future.

Our guide introduced guests to how Ship Service keeps track of the expiry dates of test kits.

After the warehouse tour, members hopped onto launch boats to tour the anchorage at the Port of Singapore. Guided by experts from Port Services, the tour provided a

comprehensive understanding of an anchorage’s function as a secure location where vessels could stop to refuel, replenish supplies, or await clearance from port authorities.

Oﬀ we go! SSI members were excited to set out on the tour.

Our Port agent explained the features of the BTS Elizabeth. A free-fall lifeboat can be seen attached to the stern

After the tour, the members returned to the meeting rooms at Pandan Loop. They embarked on earnest discussions about the future of SSI and its work at the COP28 climate summit. The first day wrapped up with delicious seafood at Long Beach @ Robertson Quay. The second day kicked off with a full day of meetings, where members shared insight into their own companies’ ESG progress and exchanged ideas on how they could contribute to tackling some of the most pressing sustainability issues facing the maritime industry today. Some topics discussed included the future of green steel, hurdles associated with

ship recycling, and ways the maritime industry could increase female representation amongst seafarers. This members’ meeting was an excellent opportunity for industry stakeholders to collectively share strategies and best practices to address the maritime industry’s crucial challenges. It also showcased collaboration and strength between Ship Management, Ships Service and Port Services. We would like to thank the team at Ships Service for leading the warehouse tour and arranging all the meeting logistics at Pandan Loop and the team at Port Services for leading the anchorage tour.

FUELNG Venosa supplying fuel to the MSC Freya. Unlike LNG tankers like The Zekreet (left), which transport LNG from port to port, LNG bunkering tankers like the FUELNG Venosa supply fuel directly to other ships.

Gastech Singapore 2023: A remarkable four-day event

Gastech Singapore 2023 was the most significant global gathering for the natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies industries. This remarkable four-day event came to a close on September

8th, 2023. Gastech 2023 saw participation from over 750 exhibiting companies, showcasing the latest cutting-edge products and innovations to a diverse audience of 44,957 energy industry professionals.

Here are some highlights: Sjømannskirken (Norwegian Seaman’s Mission, Singapore) joined us as part of our exhibition and showcased Norwegian Waﬄes. For every waﬄe our guests consumed, we renumerated Sjømannskirken with a fixed fee. The proceeds from this activity will be used to support Sjømannskirken’s cause for seafarers.

Waﬄes freshly made by Sjømannskirken

Our stand at the Norway Pavilion was very popular, with visitors queuing for these freshly made waﬄes. We also had a wheel of fortune to give our visitors a chance to win

Our guests had a chance to win prizes with our wheel of fortune

On the third day of Gastech, Gianni Grewel, our Marine Manager of LNG, LPG, and FSRU Group, took the stage at the Team Norway Seminar - Norway as a partner in the energy transition in South-East Asia. He did a 3-minute quick pitch on why Wilhelmsen Ship Management is a preferred ship manager in the industry.

Our guests enjoyed the freshly made waﬄes

popular Wilhelmsen merchandise. We served an impressive 957 waﬄes in four days!

We had many meaningful conversations with old and new business connections

Gastech was also an opportunity for us to forge new business connections, engage in meaningful conversations, understand the challenges and requirements of our industry peers, and reaffirm our commitment to delivering tailored solutions that drive their success.

Avenir LNG places LNG bunker trio with us

Avenir LNG Limited, a global energy supplier, has entrusted Wilhelmsen Ship Management (Wilhelmsen) with managing three LNG bunker vessels: Avenir Achievement, Avenir Ascension, and Avenir Aspiration.

London-headquartered global energy supplier for smallscale LNG and gas carrier owner Avenir LNG Limited (Avenir) has awarded the management of three LNG bunker vessels to Wilhelmsen Ship Management (Wilhelmsen). The vessels awarded are Avenir Achievement, Avenir Ascension and Avenir Aspiration.

Avenir has entrusted us with the management of their vessels

We are thrilled to embark on this journey with our new client, Avenir, and we look forward to managing these state-of-the-art LNG bunker tankers, which are pivotal in the industry’s ongoing energy transition. We are excited about the opportunities this collaboration will bring and the value it will deliver to both parties Carl Schou, CEO and President of Wilhelmsen Ship Management

Avenir is a new customer for us. The three vessels were previously managed by Hoegh LNG, one of three blue-chip shareholders in Avenir LNG alongside Stolt Nielsen Ltd and Golar LNG.

Hoegh LNG has contributed enormously to the success of Avenir LNG since the company was established in 2018, paving a solid foundation for the future. Hoegh LNG will continue to be a key part of Avenir’s growth trajectory as a key shareholder. The award to us as one of the world’s top ship managers with global reach, represents a new milestone on their journey. They have full confidence in the added value we can deliver. With a new strategic vision and robust asset base, Avenir is well-placed to weather a volatile market. The Oslo-stock listed company currently has a total fleet of 5 tankers in the water. The latest vessel to join the fleet was the 20,000-cbm Avenir Achievement in May last year. It also owns a smallscale LNG terminal in Sardinia, with assets/partnerships now operating in China, Malaysia, the Mediterranean, the Baltic Sea and the Caribbean.

Celebrating Excellence: Certifications and Awards

Automated Mutual-Assistance Vessel Rescue (AMVER) Award At the recent Nor-Shipping event in Oslo, Norway, we were honoured to receive an AMVER (Automated MutualAssistance Vessel Rescue) Award. Our participation in 2022 played a significant role in another exceptional year for AMVER, with 6,655 vessels achieving at least 128 days onplot, saving 376 lives. It is noteworthy that AMVER has been steadfast in its mission of saving lives at sea for the past 65 years. The AMVER system’s origins can be traced back to the tragic RMS TITANIC disaster in 1912. This incident spurred the development of a ship reporting system capable of identifying nearby vessels in distress and coordinating assistance. Initially known as the Atlantic Merchant Vessel Emergency

Reporting (AMVER) System, it was officially launched on July 18, 1958. The core principle of AMVER, which emphasizes mariners supporting one another regardless of nationality, remains strong. The ceremony, held at the U.S. Deputy Chief of Mission Residence, was graced by John Kerry, the United States Special Presidential Envoy for Climate. This momentous occasion was a tribute to 242 vessels owned and operated by 31 Norwegian shipowners, who were recognized for their unwavering dedication to maritime safety and invaluable contributions to global search and rescue operations. These individuals were given certificates and pennants as a token of appreciation.

Group photo with all AMVER participants

Benjamin Strong, Director of AMVER, United States Coast Guard presented the certificate and pennant to Haakon Olaisen, Head of HSEQ Norway.

Ove Olsen, our Vessel Manager, received the Certificate on behalf of Viking

Green Marine Certiﬁcation for our Viking Expedition Ships We are thrilled to share the exciting news that both Viking Expedition ships, Viking Octantis and Viking Polaris, have successfully obtained Green Marine certification, a testament to our unwavering commitment to environmental sustainability and responsible ship management. This esteemed environmental certification program sets the standard for ships operating in the Great Lakes of North America. Earning the Green Marine certification is no small feat; it requires participants to meticulously fulfil all the rigorous and transparent certification process requirements. We are incredibly grateful for the collaborative efforts with

Viking and the immense dedication of our team, exemplified by our HSEQ Superintendent, Ana Ferreira, who actively participated in the assessment alongside the Green Marine Surveyor onboard the Viking Octantis. The Surveyor’s comprehensive evaluation of the ship’s performance against the prescribed indicators outlined by Green Marine confirmed our commitment to environmental responsibility. This achievement is a source of immense pride for us, and we are honoured to display the certified logo on our managed Viking Expedition ships. We extend our deepest gratitude to everyone who participated in this remarkable accomplishment.

Kudos to the team, on camera and behind the scene

Diana Wilhelmsen Management obtained the DryBMS badge We are delighted to announce that Diana Wilhelmsen Management Ltd’s recent DryBMS audit by RightShip was a big success. This is the first time we have undergone an audit by RightShip, and the fact that we have achieved a badge on our first attempt is a testament to the hard work and dedication of the team. We are the second ship management company in Greece to obtain the DryBMS audit accreditation and the first that has been credited with both DryBMS and Crew Welfare accreditation. DryBMS is the latest and one of the most sophisticated quality standards for the dry bulk shipping sector.

The standard has been developed through extensive industry consultation, to lift safety, sustainability and procedural standards across the dry bulk sector. This accomplishment is a significant milestone for our company. It demonstrates our commitment to safety, environmental performance, and operational excellence. It also positions us as an industry leader and makes us more attractive to charterers and other stakeholders. We would like to extend our heartfelt gratitude to all team members for their unwavering efforts. Your commitment to maintaining the highest standards is commendable and essential to our continued success. 19

Andreas’ Story: Shipping is more than just delivering packages

It reminded me of my days in the army, as the routines, group recreation, chain of command, and sense of togetherness were surprisingly similar. I witnessed stunning sunrises and sunsets at sea, spent time below deck and on the bridge with our friendly crew, and developed a deep respect for our seafarers’ professionalism and crucial role in the company.

Our management trainee, Andreas, shared his three-month journey at Wilhelmsen Ship Management, “I’ve discovered the vast and vital world of shipping. From a mere package delivery fee to now seeing its impact on daily life, shipping’s versatility in finance, marketing, and sustainability makes it an exciting industry for the future. Engaging in meetings, projects, and sailing with the crew has been invaluable, and I’m grateful for the experience.” Andreas Wu Homme, former trainee at Wilhelmsen Ship Management Singapore.

My name is Andreas Wu Homme, and I recently completed a traineeship at Wilhelmsen Ship Management Singapore. One year ago today, my primary association with shipping was the ten extra dollars I had to pay for a package delivery. However, upon starting my traineeship at Wilhelmsen Ship Management, I discovered firsthand how much more the industry offers.

My time at Wilhelmsen Ship Management has now concluded, and I have returned to Bergen to finalize my degree. I will treasure the individuals, experiences, and knowledge I have gained. I am thankful to the Wilhelmsen Ship Management Team for always making me feel welcome. I extend special thanks to Esther Gan and Daniel Reinsborg for allowing me to gain experience and learn from them. My time at Wilhelmsen Ship Management has been an exceptional experience, and I aspire to incorporate the strong work ethic of the Wilhelmsen Team into my studies in Bergen.

I learnt how shipping encompasses various sectors and is more prevalent in our lives than I previously imagined from the computer I used to write this to the office building we worked in, both of which rely on materials that require shipping. Witnessing how sectors like finance, marketing, and sustainability also intertwine makes shipping a multifaceted and appealing industry for the future. My days mainly consisted of meetings, emails, and independent project work to expand my industry knowledge. Additionally, during my time at Wilhelmsen, I had the unique opportunity to live and sail with our crew to Laem Chabang and back for a week. On board, I observed their unwavering work ethic and experienced the camaraderie of being at sea together. 20

During his journey to Laem Chabang, Andreas spent time with the crew, which brought back memories of his days in the army

Andreas will cherish the people, experiences, and knowledge he picked up along the way

PMS Chennai Undergoes Refurbishment We are pleased to announce that our PMS (Planned Maintenance System) in Chennai recently underwent refurbishment, marking a significant milestone since its establishment in 2015. From a team of four members at its

inception, we have grown to a team of 10 responsible for handling PMS Projects and Support. The team focuses on providing technical support for PMS on a global scale.

Key Achievements • • •

Successfully resolved more than 10,000 support tickets over the past 12 months Delivered 20 PMS databases in the past year Currently providing full PMS technical support for 250+ vessels and building 30+ Vessels PMS database

Our Commitment to PMS Excellence We are actively involved in constructing and converting Planned Maintenance Systems for the vessels under our management. Our role includes meeting vessel requirements, distributing service letters, and staying updated on the maintenance needs of the HSEQ/Class/ Technical departments.

We want to extend our appreciation to PMS Chennai for their excellent work in maintaining the vessels in optimal condition, preventing equipment failures at sea and preventing the need for unexpected costly repairs.

Radoslaw Walczak, our Vice President, Technical, presided over the ceremonial re-opening of the renovated PMS Chennai oﬃce.

The PMS team hard at work

The PMS Chennai Team The PMS Chennai team is a diverse group of experienced professionals passionate about PMS. They are our dedicated team that is committed to increase system and data reliability in our PMS. We are proud of the accomplishments of our PMS Chennai team and look forward to their continued success. Thank you for your continued support!

The team that supports PMS on a global scale

Customer Events Kormarine week at Busan, Korea It was a busy week in Busan during Kormarine. An event is held every two years where the shipping community in Korea gathers to showcase the latest innovations in the maritime sector. We hosted a series of events during the week to capitalize on the opportunity where many decision-makers were in Busan. We are delighted to share the success of our events, where we not only navigated new horizons with the Korean shipping community.

We hosted a customer seminar, a platform for gaining insights and building connections. Lee Dae Woo, General Manager of Ship Management Korea, shared the path of digitalization in ship management. At the same time, Hakon Lenz, COO of Ship Management, provided invaluable insights into the new emission regulations, specifically the EU ETS and FuelEU. These discussions deepened our customers’ understanding of industry trends, equipping them with knowledge vital for future success.

Valuable insights were gained at the seminar

Meeting new and old partners

Cheers! We celebrate our customers.

The participants of Wilhelmsen Golf Day at GIMHAE

The week concluded with a dynamic golf event, an opportunity for strategic drives, meaningful connections, and exciting golf moments. Swinging into a day of camaraderie, our team, alongside customers and partners, experienced a day filled with fun and laughter. As we reflect on these events, we are grateful for the opportunities to learn, connect, and make a positive impact. These experiences have strengthened our bonds with the Korean shipping community and paved the way for shared success in the future.

Meaningful connections were made during this event

A day of networking and fun at our golf event.

Japan Golf Day Embracing golf and great company with our valued customers in Japan! Let the fairways be our meeting

Golfers showing oﬀ their strokes!

grounds, where every swing tells a story of camaraderie. Here’s to unforgettable moments on and off the course!

The participants of Japan Golf Day

“SEAFAIRER” Roundtable, Singapore – delivering on seafarers’ rights On November 28, 2023, the maritime industry gathered in Singapore for a momentous roundtable event to discuss a fairer future for workers in its value chain. This invitation-only Chatham House roundtable, hosted by IHRB, SSI, Wilhelmsen Ship Management, Mission to Seafarers, and Rafto, brought together key stakeholders from across the industry, including shipowners, charterers, seafarers, and seafarers’ rights organizations. The event focused on the most pressing seafarer welfare challenges, including addressing human rights due diligence obligations, improving working conditions, and ensuring fair compensation. Seafarers themselves had the opportunity to share their experiences and insights, highlighting the importance of industry collaboration and government support in creating a more equitable maritime sector.

The participants were fully engaged at this important event

The panellists discussing challenges and opportunities

Human Rights Due Diligence: A Collective Responsibility Human rights due diligence is becoming an increasingly important issue in the maritime industry, and it is soon to become an obligation for companies operating in certain jurisdictions. This means that businesses must have systems in place to identify, assess, and address potential human rights risks in their supply chains. The roundtable participants discussed the challenges and opportunities associated with implementing human rights due diligence, and they emphasized the importance of collaboration between industry players and local governments to make a meaningful impact. Wilhelmsen Ship Management: A Commitment to Fairness Wilhelmsen Ship Management is proud to have been a part of this important roundtable event. We are committed to promoting fair working conditions for seafarers and shipyard workers throughout our value chain. We believe that human rights due diligence is an essential tool for creating a more sustainable and responsible maritime industry

Good discussions on various upcoming topics took place among the guests.

Seminar in Shanghai We held our first seminar and dinner reception in Shanghai during Marintec China week. A hearty discussion on the upcoming environmental regulation impact towards the commercial and operational aspects of shipping, along with

good food and company, made this night a success! We thank all guests for attending our event. Special thanks to the Royal Norwegian Consulate General in Shanghai for co-hosting the event.

Our guests who attended the event made our night a success.

Oﬃcer Conferences

Charting New Frontiers in India We recently hosted a senior officer conference in India, themed “Charting New Frontiers Together,” at Hyatt Centric, Chandigarh. The event welcomed 63 senior officers, including four from our Norway Gas pool and one from

Lacho kicked the conference oﬀ with a welcome speech

The conference kicked off with a welcome speech Lacho Mitev, Marine HR Manager, followed by team-building activities on the first day. This is the first time we had a fullday, combined team-building session involving Crewing,

Team-building activities on the first day

our Norway WW pool. Notable guests included customer representatives from NYK and Triton Navigation. Everyone was welcomed with a lively Punjabi dance.

The guests were welcomed with a lively Punjabi dance

HSEQ, and invited speakers. The activities focused on enhancing Behavioral Competency, Well-being and Fatigue Management, Soft Skill Development, and Mentoring.

Everyone showcased their wonderful dance moves

The first-night dinner was a blast as everyone embraced the “Funjabi” theme. Laughter and camaraderie filled the air as officers donned the traditional dastars, adding a cultural flair to the evening. The atmosphere quickly transformed into a lively dance floor, where officers showcased amazing dance moves, turning the night into a lively “Balle-Balle time”.

The team came fully prepared for the “Funjabi” team

Captain Rahul Singhal delivered a presentation on P&I Loss Prevention The following day, Captain Rahul Singhal from GARD P&I delivered a comprehensive presentation on P&I Loss Prevention, focusing on learning from incidents. The conference featured workshops on essential maritime subjects, including EU-ETS in shipping, PMS reporting,

A local comedian filled the night with laughter

On the final day, teams split into LNG-LPG & FSRU Group and Dry Cargo Group. The Gas team delved into updates on gas operations, engaging in technical discussions on emission

efficient Bassnet usage, HSEQ dynamics, crewing insights, technical sessions, and other commercial aspects. These sessions provided a thorough and updated learning experience, enhancing participants’ understanding of the challenges within the maritime industry. On the second night, our dinner seamlessly transitioned into the enchanting realm of Bollywood Night. We invited a wellknown local comedian who brought laughter to everyone present with a delightful gag session, and a local band called Strings and Woods delivered a performance that was nothing short of nostalgic, taking us back to cherished times with their soulful tunes. The atmosphere was exciting as officers then took the dance floor, showcasing their impressive dance moves. The venue transformed into a lively dance floor, pulsating with the rhythm of Bollywood beats.

control and vetting inspections. The Dry Cargo team focused on mooring, safety protocols, planned maintenance system, IGF & LNG bunkering, and equipment troubleshooting.

Interactive methods, such as voting, were introduced to gather oﬃcers’ opinions.

The workshops concluded with an open forum and awards recognizing vessels for achievements in “Zero Observations for SIRE,” “Speak out for the cause of Safety,” “Clean PSC inspections,” and “LNG bunkering.” The conference served 28

as a dynamic platform for knowledge exchange, fostering stronger bonds among participants and acknowledgement of excellence in maritime operations.

Oﬃcer Conference in Goa We hosted a bi-annual Officer’s Conference in Goa, India, in collaboration with Wallenius Wilhelmsen and Wallenius Marine AB. The conference gathered 80 officers under the theme ‘Make it Happen.’ The conference focused on the

fundamental aspects of People, Safety, Technology, and Sustainability, reflecting the dedication and passion of seafarers in the maritime industry.

The conference shared insights on safety, compliance, reﬂections, cutting-edge technology and more.

The first day of the conference concentrated on Safety and People, highlighting safety statistics, compliance leadership, and encouraging reflections among participants. The second day transitioned to explore Technology and Sustainability, covering topics like compliance regulations (CII, EU-ETS, S-Log), software advancements (Tekomar,

Our oﬃcers came together in Goa, forging bonds and fueling progress through teamwork.

Pythia), and environmental initiatives (ESG). These discussions not only explored technologies but also emphasized the crucial link between sustainability and crew welfare. The agenda also included networking opportunities and team-building activities, fostering collaboration among officers.

Oﬃcers strengthened bonds with team-building activities and shared joy on the dance ﬂoor.

The Officers Conference in Goa was a success, showcasing the team spirit of seafarers in the maritime industry. This conference emphasized our ongoing dedication to improving systems and safety measures, driving progress through our commitment to ‘People, Safety, Technology, and Sustainability,’ driving progress in the ever-evolving world of maritime operations. A snapshot to remember, capturing the awesome memories

Unity through Kimchi (recipe included)

Kimchi, a Korean staple, symbolised unity in one of our recent philanthropy projects. Our team and seafarers plunged into the hard work of making and delivering 650kg of Kimchi

to the people of Busan, South Korea. The heartwarming response from the community echoes the power of giving and sharing. Together, we spread love through teamwork!

Our team and seafarers hard at work making Kimchi!

Kimchi (김치), a spicy, fermented Korean dish, can be made with Napa cabbage, Korean radish, and a paste of gochugaru (Korean chilli ﬂakes), garlic, ginger, and other seasonings. It is a healthy and delicious side dish that can be enjoyed with various meals.

For those who would like to try making Kimchi at home, here’s a simple recipe you can follow

Ingredients: Napa cabbage Korean radish Gochugaru (Korean chilli flakes) Garlic Ginger Salt Korean pear juice

1 head 1 cup, grated 1 cup 6 cloves, minced 1 tablespoon, minced 2 tablespoons 1/4 cup (optional)

Instructions: 1 2 3 4 5 6 7 8

Quarter the Napa cabbage with a knife and remove any hard parts. Sprinkle the cabbage quarters with salt and let it sit for 2 hours. Rinse the cabbage thoroughly under running water to remove the salt. Combine the gochugaru, garlic, ginger, and Korean pear juice (if using) in a large bowl. Add the grated radish to the kimchi paste and mix well. Spread the kimchi paste evenly over the cabbage leaves. Place the cabbage in an airtight container and let ferment at room temperature for 1-3 days or until the kimchi tastes sour and bubbly. Store the kimchi in the refrigerator for up to 2 weeks.

Tips: � � �

For a spicier kimchi, use more gochugaru. For milder kimchi, use less gochugaru. You can add other vegetables, such as carrots, scallions, or onions.

Giving back to the community

We surprised the children with a trip to Kidzania

Restoration of children shelters in Malaysia The most heartwarming aspect of lending a helping hand is witnessing the radiant smiles on children’s faces. In Malaysia, our dedicated team has taken a heartwarming initiative to support a project to enhance the living conditions of a home that currently serves as a sanctuary for 35 children in need. This home is part of a network hosted by SHELTER. This welfare organization has been offering shelter and care to children who have experienced abuse, abandonment, neglect, or are at risk since its establishment in 1981. In addition to offering financial assistance to facilitate the renovation of the home, our entire team in Malaysia has actively participated in a food donation drive. This collective effort aims to ensure the children’s well-being by providing them with nourishing meals. Our team members generously contributed essential items, including nutritious food and vital cleaning supplies.

Items from the donation food drive

Our engagement with the home continued. We decided to surprise the children with a treat to Kidzania, an indoor theme park featuring a replica town where kids can engage in role-play scenarios based on real-world jobs and earn play money. Before we sent the children off to the outing, our management team organized a heartwarming breakfast with the children and teenagers who are currently in the SHELTER network. During this special time together, we had delightful conversations, played games, and shared memorable moments with the young ones. The children had a fun time at KidZania where the entire theme park is an interactive city made for children that combines inspiration, fun and learning through realistic role-play. The children independently explored a scaled city and tried some exciting careers such as fireman, chef, etc.

We provided financial assistance to renovate the home

We hope the jam-packed activity brought much laughter and joy to the children, and we aim to continue working together with SHELTER to extend our lending hands in continuing our engagement with the children.

The children absorbed knowledge eagerly during our visit

Visit to the Angel Xpress Foundation We are thrilled to report on our recent visit to Angel Xpress Foundation, where we proudly sponsor a learning centre in the vibrant city of Mumbai, India. Our project has been instrumental in making a tangible difference in the lives of these remarkable children. From its humble beginnings with just 25 students, the program has flourished, now touching the lives of 75 bright and inquisitive minds. Our unwavering aspiration is for these young individuals to continue their educational journey and blossom into extraordinary individuals. The sight of these children’s eagerness to learn and their thirst for knowledge is an inspiration that fuels our commitment to supporting education. Their bright eyes and eager minds are a testament to the power of learning and its transformative impact on lives.

As we witnessed our project’s growth and its positive impact on these children, we are deeply moved and immensely proud of our role in their lives. We are committed to continuing our support and ensuring that these young minds have access to the education they deserve. Emerging from our visit, we are renewed in our dedication to advancing education and empowering the next generation of changemakers. The smiles and determination of these children serve as a constant reminder of the profound impact that education can have on individuals and communities. We are grateful for the opportunity to partner with Angel Xpress Foundation in this endeavour, and we look forward to witnessing the continued growth and success of the learning centre and its students. Together, we can foster a brighter future for these children and contribute to a more equitable and educated society.

Angel Xpress is a Mumbai-based not for profit organisation. They started as a platform for socially responsible and committed citizens of Mumbai who could spare their time and resources for the betterment of school going children from their vicinity who were first generation learners. Today, students enroll into their programs starting from Grade 2 and are tutored, mentored and guided through to Grade 12 and beyond.

Jubilee Celebration International Maritime Training Centre’s Silver Jubilee We recently celebrated the 25th anniversary of the International Maritime Training Centre (IMTC) in Mumbai, marking a significant milestone in our journey. We are delighted to share the exciting news of our journey and the launch of our groundbreaking virtual reality training hub. Mr. Carl Schou, our President & CEO, Ms. Esther Gan, VP in

Sustainability & Communications, and Mr. Lasse Hansen, Global Head of Marine HR, officiated the event. Adding to the celebration’s grandeur were esteemed guests, including Capt. Rajesh Tandon, CEO of FOSMA India; Mr Amit Oza; and Mr Anand Kankani from PWC India.

Mr Carl Schou, our President & CEO, oﬃciated the event, joined by esteemed guests

After the launch, there was a celebratory walk around IMTC, allowing everyone to explore and experience the advancements that have shaped our institution. Capt. Chinna, General Manager of Ship Management Competence Development & Training, guided the group through IMTC, offering technical insights and sharing how these innovations will shape the future of maritime education.

Mr Carl Schou presented a plague to Capt Chinna

The highlight of our celebration is the inauguration of our virtual reality training hub, a pioneering initiative transforming how we approach maritime education. This venture, conceptualized in India, will soon be replicated globally across all our manning offices, ushering in a new era of immersive and effective learning experiences for our seafarers.

Mr Carl Schou testing out the VR lab

As we celebrate our Silver Jubilee, let’s take pride in being the first in the following areas:

VR Lab Simulator: IMTC pioneers use virtual reality for ship handling simulations, providing our seafarers with an immersive learning experience.

Engine Room Simulator:

The guests took a tour of the groundbreaking facilities

Our commitment to practical training is exemplified by introducing an advanced engine room simulator, enhancing the skills of our maritime professionals.

Unitor Approved Training School: IMTC achieves the status of an approved Unitor training school, further solidifying our commitment to meeting international standards.

High Voltage Lab in Mumbai from Shell: We proudly inaugurate a high voltage lab in Mumbai, a collaboration with Shell, reinforcing our dedication to safety and excellence in training.

Oﬃng Award for Best Institute: IMTC stands on the cusp of yet another achievement with the prospect of receiving the award for the best institute, a testament to our unwavering commitment to excellence.

After the tour, everyone was seated with the welcome message and IMTC milestone by Capt. Chinna. Mr. Amit Oza and Mr. Anand Kankani shared on the Indian economy with a special focus on shipping. Capt. Rajesh Tandon shared about the state of shipping in India. In his speech, Mr. Carl congratulated IMTC. He shared his vision for establishing India as a strategic hub to support our global operations and growth plans. As we immerse ourselves in our Silver Jubilee’s joy, we warmly welcome the newly graduated cadets, whose presence enhances our celebration. We look forward to the significant contributions they will make to the future of maritime excellence.

A warm welcome to the newly graduated cadets in the marine industry

In celebrating our achievements and anticipating a future filled with continued success, we thank the entire IMTC community for being an integral part of this incredible journey.

Here’s to 25 years of maritime brilliance, innovation, and a future filled with incredible accomplishments!

Unleashing the Power of Teamwork Self-defence workshop in Kuala Lumpur Our Kuala Lumpur team recently organized a self-defence workshop to provide a muscle workout session and educate its staff on self-defence techniques. Mr. Paresh, a certified International Muay Thai Trainer from Engage Life, conducted the workshop. Self-defence training also provides an excellent muscle workout, engaging them in various moves, dips, and dodges. This results in increased muscle strength and overall physical fitness. Regular sessions improve health and wellness, and the workshop also emphasizes situational awareness to help participants avoid unwanted situations.

The main takeaway from the session was acquiring basic self-defence skills and developing an awareness of their surroundings to prevent potential attacks. The workshop covered topics such as maintaining a safe personal space, understanding different mental awareness and preparedness in colour code, applying the RACE technique (Recognize, Assess, Communicate, Escape) in daily movements and being mindful to avoid potential harm. The workshop was a resounding success, with all 35 staff members thoroughly enjoying the interactive and engaging format. Participants gained valuable self-defence skills and developed a heightened awareness of their surroundings, fostering a sense of camaraderie and teamwork within the team.

The team learnt valuable self-defence techniques

Participants of the FAME Fun Run

FAME Fun Run in the Philippines Wilhelmsen-Smith Bell Manning, Inc. took part in an annual fun run organized by the Filipino Association for Mariners’ Employment, Inc. (FAME). The event, known as the 14th FAME “Go Marino Go! Healthy Body, Healthy Mind” Fun Run was held at the scenic SM by the BAY, Mall of Asia (MOA) in Pasay City. This year’s FAME fun run carried the inspiring theme of “Heroes Run,” a heartfelt tribute to our exceptional seafarers who are rightly celebrated as modern-day heroes, especially during these challenging times of the global crisis. Their unwavering service, sacrifices, and commitment have made an indelible impact on the maritime industry and beyond.

The team took immense pride in celebrating the inspiring team

We take immense pride in congratulating Nichel Mercado, a staff member from our manning office, for her remarkable achievement in winning 4th place in the competitive 3KM female category. We extend our heartfelt thanks to all our staff, seafarers, and cadets in Manila for wholeheartedly participating in the Fun Run and supporting this meaningful event. Together, we celebrate the spirit of unity and dedication in the maritime community!

Ms Nichel Mercado took home the 4th place prize in the 3km female category

Participants enjoyed the rain dance setup

Indoor enthusiasts enjoyed playing carrom

Teambuilding in Mumbai Our Mumbai team hosted a team-building day at Monteria Resorts, nestled amidst the tranquil outskirts of the city. The day was filled with a diverse array of activities, from archery and rifle shooting for the adventurous to zip-lining and climbing for the thrill-seekers. Indoor enthusiasts enjoyed games like cricket, badminton, carrom, and table tennis, while water lovers found solace in the refreshing swimming pool and rain dance setup.

The staﬀ let loose on the dance ﬂoor

Lunchtime brought colleagues from different departments together, sharing laughter and anecdotes. The afternoon featured engaging games organized by the Ship Management Social Club, including bingo and a human ring toss. As the music filled the air, staff let loose on the dance floor, creating lasting memories and strengthening bonds. The day concluded with light snacks and happy faces, leaving everyone feeling relaxed and rejuvenated.

A well-deserved and enjoyable teambuilding day for all

The team posed with our Wilhelmsen ﬂag

DNV MCC Badminton Tournament in Singapore We gave our all on the badminton court with passion and power in the annual DNV MCC Badminton Tournament in Singapore. After a series of intense matches and exhilarating

rallies, we emerged as proud runners-up. But the victory went beyond mere points and trophies; it was a testament to our camaraderie and sportsmanship with our fellow competitors. Cheers to the Wilhelmsen team for a thrilling tournament!

We emerged as proud runners-up of this event

Celebrating Good Times Annual Dinner in Malaysia Our KL Annual Dinner took place on September 8th at Le Meridien Kuala Lumpur. Organized by the WSM People Builder team, the event’s theme was “Cultural Diversity: Embracing Unity in Our Differences.” The gathering saw an impressive turnout, with 226 staff in attendance, reflecting their eagerness to reconnect. This event marked a significant milestone, as it was the first annual dinner since 2019, following the challenges posed by the pandemic.

We were well-prepared for the Annual Dinner

Say “Yay” to the camera!

We embraced this theme wholeheartedly, donning an array of captivating costumes, ranging from “Orang Asli” attire to Kimonoes, Cheongsams and Aladdin-inspired outfits. The foyer featured a delightful photo booth, where we eagerly captured cherished memories, cloaked in our diverse costumes, setting the tone for an enjoyable evening.

Our CEO and President, Mr. Carl Schou gave his speech on the stage

Our lively emcee, Joel, brought the evening to life. We began with a video presentation tracing ship management’s history and progress over the years, followed by a message from CEO and President Carl Schou expressing appreciation for the dedication and hard work of the staff. A notable moment was when Carl presented a long-service gift to Rajiv Nigam, who had served for 37 years, signifying the company’s appreciation for his dedication and loyalty.

Mr. Rajiv Nigam received a long-service gift.

The team enjoyed themselves tremendously

The entertainment for the night was enjoyable and fun-filled, including a mesmerizing magic performance, table games that fostered teamwork, and the highlights of the event - the ‘Best Dressed’ award and the top 5 lucky draw prizes.

The candidates of Best-Dressed Award.

It was a night filled with joy and laughter as we celebrated cultural diversity and being one big happy family.

Rounding oﬀ the year with Tea As we bid farewell to another remarkable year, the People Builder team, comprised of members from different departments, organized a memorable year-end celebration. The team arranged the event in two sessions: a lively gift exchange and a delightful tea-time gathering. Employees participated in the gift exchange session, where we combined the Wheel of Fortune concept with a mystery gift exchange. Opening gifts from mysterious senders has never been so suspenseful because you can never anticipate what is in store for you. We hope our employees received what they wished for.

The employees enjoyed themselves with a variety of food selections.

The team happily opening their presents

The tea-time session featured a delightful selection of local delicacies, including kuih, pastries, rojak, and desserts—something for everyone. The People Builder team transformed into servers, staffing the food booths and ensuring a seamless and enjoyable dining experience for everyone present.

Employees indulged in an array of delights during the tea time session. The celebration marked the end of a successful year and laid the foundation for a promising year ahead. We look forward to continuing the positive momentum into the new year.

We run our ships like clockwork www.wilhelmsen.com/ship-management

Malaysia

Singapore (Head Oﬃce)

South Korea

Greece

Wilhelmsen Ship Management Malaysia 19th Floor, 1 Sentral Jalan Rakyat, Kuala Lumpur Sentral 50470 Kuala Lumpur Malaysia

Wilhelmsen Ship Management Singapore 1 Kim Seng Promenade #15-07 Great World City West Tower Singapore 237994

Wilhelmsen Ship Management South Korea 10F, Marine Center Building 52 Chungjangdaero, 9 Beongil (Jungang-Dong 4 Ga) Jung-Gu Busan, Republic of Korea 48936

Diana Wilhelmsen Management Limited 350 Syngrou Avenue Syngrou Tower – 7th Floor 176 74 Kallithea Athens, Greece

T +6 03 2708 1800

T +65 6513 4675

T +82 51 711 0711

Norway

United States of America

Netherlands

Wilhelmsen Ship Management Norway AS Strandveien 20 PO Box 33, NO-1324 Lysaker Norway

Wilhelmsen Ship Management USA 9400 New Century Drive Pasadena, Texas 77507 USA

Wilhelmsen Ahrenkiel Management B.V. Oever 5 3161 GR Rhoon Netherlands

T +47 67 58 47 00

T +1 281 842 3826

T +31 10 669 0241

Germany Ship

Disclaimer: While care has been taken to ensure the information in this publication is accurate, this is a general guide and not intended to be relied on for any specific purpose. Wilhelmsen Ship Management Holding Limited and its subsidiaries cannot be held responsible for any errors or consequences arising therefrom. If you would like to reproduce any part of this publication, please seek our prior approval.

Wilhelmsen Ahrenkiel Ship Management GmbH & Co. KG Palmaille 67 22767 Hamburg Germany