It was two companies with standing and tradition in the North Sea market and with similar strategies that now found common ground. Jebsens had been in this market since its inception i 1929, whereas Paal Wilson & Co has been formed in 1942. Both had targeted the mining and raw-materials industry in particular and had become leaders in their respective tonnage segments by introducing contracts-of-affreightment (CoA) and long-term relations with their customers.
The establishment of Paal Wilson & Co in 1942 was a direct consequence of industry customer relations.Paal Wilson (1911-1985) had been with the shipping and mining group Jacob Kjøde AS in Bergen, where he looked after the shipment of limestone and minerals from the company’s quarries. He started his own chartering company with support from manufacturing companies like Hafslund and Bjølvefossen. The following year he took over management of two small motor barges serving these companies.
By hard work and ambition, Paal Wilson managed to establish an extensive chartering business directly with his customer companies and by taking cargo contracts and T/C-vessels in the North Sea and Transatlantic trades. Through good connections in Canada he managed to build regular shipment of timber from British Columbia to Europe.
It was two companies with standing and tradition in the North Sea market and with similar strategies that now found common ground. Jebsens had been in this market since its inception i 1929, whereas Paal Wilson & Co has been formed in 1942. Both had targeted the mining and raw-materials industry in particular and had become leaders in their respective tonnage segments by introducing contracts-of-affreightment (CoA) and long-term relations with their customers.
