Wallenius Wilhelmsen ASA and ABB Announce Joint Venture for Fleet Support Services

Wallenius Wilhelmsen ASA, a leading global provider of roll-on roll-off (ro-ro) shipping and vehicle logistics services, has announced a strategic partnership with ABB, a renowned technology company. The two companies have formed a joint venture aimed at scaling their offshore fleet support services. This collaboration was reported by multiple sources on September 1, 2025, highlighting the significance of this venture in the marine transportation industry.

The joint venture focuses on enhancing fleet performance through the development of OVERSEA, a digital solution launched in 2022. OVERSEA integrates fleet management with advanced data analytics to optimize ship performance. The solution collects and analyzes ship data globally, providing decision support from a fleet support center based in Stockholm. The primary goal of this initiative is to assist shipping companies in reducing fuel consumption and emissions while improving safety and reliability.

This partnership builds on the existing collaboration between ABB and Wallenius Marine, a subsidiary of Wallenius Wilhelmsen ASA, which has been expanding their cooperative efforts. The joint venture is expected to leverage ABB’s technological expertise and Wallenius Wilhelmsen’s extensive experience in marine transportation to deliver innovative solutions in the industry.

As of the close of trading on August 28, 2025, Wallenius Wilhelmsen ASA’s share price stood at 93.95 NOK, with a market capitalization of 3.65 billion NOK. The company’s financial metrics, including a price-to-earnings ratio of 3.52, reflect its position within the industrials sector, specifically in marine transportation. Wallenius Wilhelmsen ASA, founded in 1861 and headquartered in Lysaker, Norway, operates a fleet of 123 vessels, providing essential shipping and logistics services to global businesses.

The formation of this joint venture underscores the growing emphasis on sustainability and efficiency in the marine industry, aligning with global efforts to reduce environmental impact. While no financial details of the joint venture have been disclosed, the strategic alignment between ABB and Wallenius Wilhelmsen ASA is poised to drive innovation and enhance operational performance in the sector.