Wilhelmsen Ships Service acquires ships agency, logistics and forwarding firm based in Netherlands and Belgium

Wilhelmsen Ships Service announced it is to acquire Eurokor Logistics, a ships agency, logistics and forwarding company based in The Netherlands and Belgium. Wilhelmsen expects the investment to further strengthen its logistics and agency operations in Central Europe, specifically by adding freight forwarding and barging to the customer offer in this area. The deal will close by 1 April this year.

Wilhelmsen Ships Service VP for Europe, Bård Bjørløw, commented that acquiring Eurokor Logistics is another step towards fulfilling the firm’s growth ambitions. He further stated that as a customer focused company, Wilhelmsen is continuously adjusting its organization to meet its customers’ needs. The Netherlands and Belgium are strategic key locations for Wilhelmsen’s customers and Eurokor Logistics will be a valuable addition to the firm’s logistics expertise in this market, said Bjorlow.

Eurokor Logistics provides ships agency services, freight forwarding and barging, focusing on drybulk, wet bulk, breakbulk and project cargo customers. Eurokor Barging is a subsidiary of Eurokor Logistics offering barging solutions targeted towards the inland transport of bulk cargo. Eurokor Barging covers barge transports to and from all European inland barge origins and destinations including the Rhine, Moselle, Neckar, Main and Danube.

Eurokor Logistics, including Eurokor Barging, is an operation with 25 employees located in The Netherlands (Ridderkerk) and in Belgium (Antwerp). In a statement, the Managing Directors of Eurokor Logistics, Piet Kok and Stan Claes commented that joining forces with Wilhelmsen Ships Service will auger well for Eurokor Logistics, given Wilhelmsen’s positioning. According to the managers, the investment marks a great opportunity for Eurokor Logistics, and it will enable the firm offer a wider range of services to its customers.

Wilhelmsen Ships Service already offers ships agency services in The Netherlands and Belgium, but with the addition of Eurokor Logistics the company will now have the ability to offer customers a complete value chain from port to site.

Bård Bjørløw further stated that in order to be the preferred partner of its customers, Wilhelmsen always needs to look out for ways to develop further the offers it brings to the market. According to Bjorlow, strengthening Wilhelmsen ships’ agency and maritime logistics offers is a key driver in the firm’s growth strategy moving forward. Eurokor Logistics and its competent team will, without doubt, strengthen the firm’s ability to improve operational efficiency to the firm’s existing and future customers, said Bjorlow.

3 March 2011

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