IN BRIEF: Ocean Wilsons subsidiary Wilson Sons to become Brazilian
Mon, 24th May 2021 16:34
Ocean Wilsons Holdings Ltd - Bermudian investment company with subsidiary providing maritime services in Brazil - Operating subsidiary Wilson Sons Ltd plans corporate restructuring in which Wilson Sons will become a Brazilian company and list on the Novo Mercado segment of the Brazilian Stock Exchange. Under the plan, Wilson Sons Ltd will merge into its controlled subsidiary Wilson Sons Holdings Brasil SA. Currently Wilson Sons is a Bermuda company with shares listed on the Sao Paulo Stock Exchange as Brazilian depositary receipts and also on the Luxembourg Stock Exchange. The merger and listing on the Novo Mercado segment is subject to approvals by shareholders, as well as by regulators in both Bermuda and Brazil. It is intended to simplify the company, increase stock liquidity and facilitate access to capital markets. Ocean Wilsons says it is supportive of the plan, which will not change i
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For 10 years, Wilson Sons has been using cutting-edge technology to ensure safer and more efficient manoeuvres in 25 ports along the Brazilian coast. The company s Towage Operations Centre (COR) uses big data, artificial intelligence, and has been implementing other advanced resources to monitor the company s 80 tugboats, 24 hours a day, seven days a week. A pioneering initiative in the country s port support sector, COR completes its first decade with more than 450 000 manoeuvres and 200 special operations in its curriculum, in addition to monitoring more than 16 000 movements between Brazilian ports.
“With COR, we were able to better plan the manoeuvres, allocate the most suitable tugboat for the operation and move our fleet at the right time, with the right speed”, highlights Rodrigo Bastos, Operations Director of the Wilson Sons’ Towage division. “The monitoring also ensures that navigation is carried out in locations with appropriate depth and away from o
Wilson Sons Towage Operations Centre completes 10 years | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Hansa Investment Company - Brazil - game-changer or sideshow?
Hansa Investment Company (HAN/HANA) fund manager Alec Letchfield argues that investors should not be overly distracted by the fund s exposure to Brazil through a c 11% position in maritime services company Wilson Sons (WSON). While the holding could prove beneficial as global economic growth and trade continue to recover, the remaining c 90% of the portfolio is much more significant, and Hansa IC s persistent 30%+ discount to NAV is arguably unwarranted given its healthy mix (via funds and direct equities) of growth, value and defensive/uncorrelated strategies. Recent performance has shown an improving trend versus peers, and a 13.3% local currency increase in WSON s share price since the start of 2020 (outperforming the main Bovespa Index by 11.5pp) has not been reflected in Hansa IC s discount to NAV, which moved by just 0.4pp from 33.9% to 34.3% (A shares) from 1 January 2020 to 4 May 2021.