Wilson Sons Limited is the separately listed holding company for the Group's
Brazilian business. Ocean Wilsons Holdings Limited owns 58.25% of Wilson
Sons Limited.
Wilson Sons Ltd
The Brazilian business was originally founded in 1837 by two Scottish brothers, Edward and Fleetwood Pellew Wilson who opened a maritime services and coal business in Salvador, Brazil.
From this beginning Wilson Sons has grown into one of Brazil’s largest providers of integrated maritime, port and logistics services with a presence in most major ports in Brazil. The Group’s principal areas of operation are:
Port terminals
The Group operates the Tecon Rio Grande container terminal in Rio Grande, Rio Grande do Sul, and the Tecon Salvador container terminal in Salvador Bahia. Both terminals are operated under 25 year concessions from the port authorities granted respectively in 1997 and 2000 with the possibility of an additional 25 years. Through its subsidiary, Brasco the Group also operates onshore support terminals and offers integrated logistics solutions for the offshore oil and gas industry.
Towage
The Group operates the largest tugboat fleet in Latin America with a fleet of over 70 tugboats providing harbour and ocean towage, salvage support and support for offshore oil and gas industry operations.
Offshore support
Through our joint venture, Wilson Sons Ultratug the Group provides support for oil and gas exploration and production through the operation of Platform Supply Vessels, (PSVs) which transport equipment and other materials, between the onshore operating bases and the offshore platforms.
Logistics
Wilson Sons provides services to a number of large corporate clients offering iintegrated and customized solutions along the whole supply chain. We also operate a bonded warehouse located in Santo Andre, Sao Paulo.
Shipbuilding
At our shipyard in Guaruja, Sao Paulo the Group builds and maintains our offshore and towage fleets as well as offering small and medium vessel construction for third parties.
Ship Agency
Wilson Sons acts on behalf of ship-owners rendering commercial representation in the main ports of Brazil.
Wilson Sons Limited stock exchange listing
On the 30 April 2007, Ocean Wilsons Holdings Limited successfully floated Wilson Sons Limited on the Sao Paulo Stock Exchange (BOVESPA) and Luxembourg Stock Exchange. The flotation involved the sale of 18.7 million shares by Ocean Wilsons, resulting in net proceeds to the Company of approximately US$ 205 million, and the issue of 11 million new shares by Wilson Sons, raising approximately US$119 million for Wilson Sons. Following the flotation, Ocean Wilsons retained a 58.25% holding in Wilson Sons. The Company continues to fully consolidate Wilson Sons in its accounts with a 41.75% minority interest.
