Wilhelmsen, one of Norway’s best known shipping brands, claims in addition to accelerating the transition of existing businesses, it will invest in new businesses with the long-term aim of shifting from mainly oil and gas related activities to mainly activities related to the renewable sector, foreseeing up to $500m in new business investments related to the renewable segments over the next five years.

The new segment, which has been named New Energy, will be headed up by Jan Eyvin Wang, currently senior vice president for strategic investments.

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https://splash247.com/norwegian-shipping-major-wilhelmsen-switches-focus-to-renewables/