Unitor owner freezes prices as credit crunch bites

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Wilhelmsen Ships Service, one of the world’s largest ship suppliers, has bowed to market pressure and announced a price freeze on thousands of its products with immediate effect.

In a statement, the company said it reflected its continuing policy to adjust prices to reflect market conditions and to share reduced operating costs and cost savings with customers wherever possible.

David Tandy, President of Wilhelmsen Ships Service (pictured), said: “Our aim is to continue to offer competitive prices to our customers. Together with our ongoing investment in customer service and the expansion of our global network, this offers our customers a clear opportunity to budget effectively during the current financial climate.”

Glenn Davies, Head of Strategic Pricing at WSS, added: “Our efforts have been concentrated on negotiating diligently with our suppliers while doing all we can to absorb inflation and local cost development.”

As a leading provider of marine products to the world’s fleet, Wilhelmsen Ships Service’s decision to freeze list prices will benefit close to 22,000 vessels. This price freeze is applicable across the whole range of Unitor branded and other marine products.

Wilhelmsen Ships Service has managed to reduce or freeze prices on the environmentally friendly Unicool refrigerants; R-417, R-407c, R-410a. However, for the following Unicool refrigerants; R-507, R-404A, R-22 and R-134a, a price increase is inevitable, due to changes in legislation, cost of raw material and reduced availability.