Wallem ShipManagement Ltd.
46th Floor, Hopewell Centre
183, Queen's Road East, Hong Kong.
Tel: + 852 2876-8200, Fax: + 852 2876-1210
1. Outline of company
Wallem Shipmanagement Ltd. is a company within the Wallem Group Ltd. It is almost a hundred years since Haakon J Wallem, a Norwegian, started his shipping venture in Shanghai, then the hub of international commerce and trade along the China coast. His first ship was the sail-assisted steamer SS Ocsar ll named after the King of Norway and Sweden.
In 1925, the decision was taken to expand operations beyond Shanghai and a company was set up in Hong Kong. Following the death of Haakon J Wallem in 1951, this was the base for the expansion of the group in the 1950's and 1960's, catering principally to the new breed of Hong Kong shipowners. Wallem's ship management skills helped numerous Hong Kong shipowners to get their budding fleets under way.
The late 1960's and 1970' saw a rapid expansion of ship-owning in Hong Kong with new-buildings ordered from Japan and long-term charters to Japanese industrial groups. Making good use of Hong Kong's lower operating costs, Wallem was to become one of the largest independent ship managers in the world.
Through the decades, Wallem has continued to build its network, opening offices through Asia and in Europe and the USA. Wallem returned to its roots with the re-establishment of its Shanghai office in 1987 to take advantage of the opening up of China's economy.
Today, the Wallem Group encompasses ship-owning, ship and cargo broking, ship management, ship agency, and shipyard and marine equipment services.
2. Organisation of the company
Headquarters: Hong Kong
Offices: Wallem Ltd. (London)
Wallem Shipmanagement Inc. (Florida)
Wallem Maritime Training Centre : Mumbai (India)
Joint venture partnership : Jahre-Wallem A/S (Norway)