CORPORATE STRUCTURE

SKIBSAKTIESELSKAPET NAVIGATION CO. LTD.

Skibsaktieselskapet Navigation Co Ltd Bergen Norway, (“Navigation”) is the holding company of the Westfal-Larsen group of companies. Through its various subsidiaries, Navigation performs a variety of activities such as chemical and dry bulk shipping, property investment, trade and industry.

SUBSIDIARES

WESTFAL-LARSEN & CO AS

Westfal-Larsen & Co AS was established in 1918 and is a wholly owned subsidiary of Navigation. The company is the registered owner of six chemical tankers: Falkanger, Fauskanger, Finnanger, Fjellanger, Taranger and Torvanger.

WELCO ECO SHIP AS

Welco Eco Ship AS is the registered owner of two chemical tankers: Leikanger and Lindanger.

WESTFAL-LARSEN MANAGEMENT AS

Westfal-Larsen Management AS was incorporated in 1996 as a wholly owned subsidiary of Navigation. The core business of Westfal-Larsen Management AS is to provide technical ship management services to ships owned by the Westfal-Larsen group.

WESTCHART AS

Westchart AS is a wholly owned subsidiary of Westfal-Larsen Management AS and was established in 1995. The company is responsible for the commercial operation of the chemical tankers owned by the Westfal-Larsen group.

PRIMOZONE PRODUCTION AB

Primozone Production AB was established in Sweden in 2000. The Westfal-Larsen group acquired all the shares of the company in 2003. Primozone Production’s main activity is to develop, manufacture and sell ozone generators for water treatment.

WESTFAL-LARSEN GROUP RESOURCES AS 

Westfal-Larsen Group Resources AS was established in 2017 and is the resource center for the companies within the Westfal-Larsen group. Its main activities include general management, accounting, financing, legal, IT, administration services, HR and front desk/reception.