Wilhelmsen Ship Management has completed a comprehensive due diligence process administered by TRACE, the world’s leading anti-bribery standard setting organization.
President of Wilhelmsen Ship Management, Carl Schou, said, “We have zero tolerance towards bribery and corruption and being TRACE Certified simply affirms our commitment to transparency in all our work processes and services. We are proud to be part of international efforts to tackle corruption in the shipping industry.”
Certification by TRACE signifies completion of internationally accepted due diligence procedures that are stringent and forthcoming during the review process. Wilhelmsen Ship Management promises commercial transparency to valued business partners, industry regulators and multinational companies.
“By independently becoming TRACE Certified, Wilhelmsen Ship Management is helping to raise anti-bribery compliance standards across the shipping and maritime industry. We applaud them for their commitment to integrity and transparency and look forward to other ship owners and logistics companies continuing to follow their lead,” said Alexandra Wrage, President & Founder of TRACE International.
TRACE developed the Shipping and Maritime Initiative and through this, established strategic partnerships with organizations that have made anti-bribery a priority. These partnerships raise awareness of anti-bribery compliance and provide shipping and port agents with access to TRACEcertification, an internationally accepted due diligence review, analysis and approval process for the third parties of multinational companies.