Wrist Ship Supply

What Wrist Ship Supply does

Wrist Ship Supply is the world's largest ship and offshore supplier, providing marine provisions, technical stores, spare parts logistics, newbuild initial-stores supply, and bonded goods to ship owners, managers, shipyards, offshore energy operators, and cruise lines. Founded in 1953 in Aalborg, Denmark, the company now operates from 40+ owned hubs and serves 750+ ports across the Americas, Europe, the Middle East, and Asia Pacific, supported by wholly owned subsidiaries including Garrets International (marine catering), Wrist Marine Logistics (freight forwarding and door-to-deck services), Strachans (UK offshore supply), and Source2Sea (digital marketplace). Its core technology consists of operational logistics systems rather than a single platform — a digital marketplace (Source2Sea), customer portals (Owners' Goods Portal, WML Customer Portal) for real-time shipment and CO2 visibility, and catalog purchasing infrastructure — complemented by proprietary product brands (Njord PPE, Pontus hand tools) and a Modular Solutions offering that consolidates provisions, stores, spare parts, and owners' goods into single deliveries to reduce freight costs and emissions.

The business model is transaction-based industrial distribution: Wrist charges per-order fees on supplies and logistics services under multi-year enterprise contracts, with pricing negotiated directly with customers based on vessel type, port, and volume. Go-to-market is enterprise field sales — dedicated account managers in each local office supplemented by self-serve digital portals — targeting primarily ship owners and ship managers operating global fleets. Revenue is diversified across the food/provisions, technical stores, spare parts forwarding, and newbuild segments, and the company has scaled primarily through acquisitions (One Source North America 2011, Garrets 2016, Van Hulle 2019, Boa Praça 2024, Komasco 2024, Delaware Ship Supply 2025). Wrist is PE-owned, having been acquired by J.F. Lehman & Company in March 2025 from Nordic PE Altor (which had owned it since 2007), and operates under a layered holding structure that includes a Luxembourg bond-issuing entity (Magellan BidCo 2 S.à r.l.).

Name

Wrist Ship Supply

Legal name

Wrist Ship Supply A/S

Website

https://wrist.com

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wrist Ship Supply is the world's largest ship and offshore supplier, providing provisions, technical stores, spare parts logistics, and newbuild supply across 40+ owned hubs serving 750+ ports for ship owners, ship managers, shipyards, and offshore energy operators, owned by J.F. Lehman & Company.

Ownership category

akta.pro rank

Headquarters

HQ city

Nørresundby

HQ country

Denmark

HQ region

Europe

Offices32 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Ship Provisions Supply: Supply of fresh, frozen, and dry provisions to vessels, stored in temperature-controlled warehouses with daily deliveries
2. Ship Stores Supply: Supply of cabin, deck, engine, electrical stores, consumables, safety gear, hand tools (Njord PPE, Pontus tools), and duty-free items
3. Spare Parts Logistics: Door-to-deck logistics and freight forwarding for marine spare parts through Wrist Marine Logistics
4. Newbuild Supply: Initial stores and tailored supply solutions for shipyards with global assortment of 1,800+ items
5. Modular Solutions: Consolidated delivery service bundling provisions, stores, spare parts and owners' goods

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Wrist Ship Supply is a global ship chandler and marine logistics provider supplying vessels and offshore installations with provisions, technical stores, spare parts, and bonded goods. Operating through 40+ locations serving 750+ ports worldwide, the company delivers fresh, frozen, and dry provisions; cabin, deck, engine, and electrical stores; and consolidates spare parts and owners' goods through its Modular Solutions service. Digital procurement is supported via the Source2Sea marketplace and customer portals providing real-time shipment visibility and CO2 tracking.

Product overview

Wrist Ship Supply is a global leader in marine supply and logistics operating across 40 locations worldwide and serving 750+ ports. The company offers a comprehensive portfolio of ship supply services including Provisions Supply (fresh, frozen, and dry provisions), Stores Supply (cabin, deck, engine, electrical stores, safety gear, hand tools), Modular Solutions (consolidated deliveries), and Newbuild Supply. The portfolio includes own brands Njord (premium PPE) and Pontus (hand tools), plus the digital marketplace Source2Sea. Related companies include Wrist Marine Logistics (freight and door-to-deck solutions), Garrets (marine catering), and Strachans (offshore supply). Customers access services through digital platforms including catalog purchasing, customer portals (Owners' Goods Portal, WML Customer Portal), and ESG tracking tools for CO2 emissions insights.

Differentiator

Problem solved

Functional benefit

Brands

• Garrets: One of the world's leading marine caterers, handling provision supplies and budget control to over 1,000 ships worldwide.
• Wrist Marine Logistics
• Strachans
• Source2Sea
• Njord
• Pontus

Products and services

• Provisions Supply Complete range of fresh, frozen, and dry provisions stored in temperature-controlled warehouses with daily deliveries of fruit, vegetables, and dairy to vessels worldwide, ensuring crew quality of life across global routes.
• Stores Supply Full range of cabin, deck, engine, and electrical stores plus consumables, hand tools, safety gear, and duty-free items, with a global assortment of more than 1,800 standardized items available in identical quality at every port.
• Modular Solutions Consolidated delivery service that merges provisions, stores, spare parts, and owners' goods into a single delivery, reducing logistics chains, costs, complexity, and CO2 emissions for ship operators.
• Newbuild Supply Initial stores and tailored supply solutions for shipyards worldwide, with 30+ years of newbuild experience and more than 1,000 initial stores deliveries completed using a global assortment of 1,800+ items.
• Catalog Purchasing Digital catalog solution enabling simplified online ordering, timely delivery, efficient supply planning, and cost-efficient provisions and logistics for ship operators through predefined products and agreed pricing.
• Wrist Marine Logistics (WML) Marine logistics, freight, and spares forwarding subsidiary coordinating global door-to-deck solutions for marine spare parts, including special cargo projects such as wind-assist propulsion deliveries.
• Garrets Marine Catering Marine catering service handling provision supplies and budget control for over 1,000 ships worldwide, operating as a wholly-owned subsidiary within the Wrist Group.
• Source2Sea Digital Marketplace Multi-supplier digital marketplace that streamlines ship supply procurement, taking cost and complexity out of the supply chain while adding transparency for buyers and sellers across the marine industry.
• Njord PPE Premium quality personal protective equipment product line with high longevity, available globally through Wrist's supply chain under proprietary brand.
• Pontus Hand Tools Standard quality hand tool line at competitive pricing complying with general market needs, available globally from all Wrist warehouses under proprietary brand.
• CO2 Emissions Insights Visibility service into CO2e emissions across customer purchases, helping ship operators track, manage, and reduce environmental impact with support for Scope 3 reporting.
• Strachans Offshore Supply UK's leading independent food distributor to the offshore energy and renewables market, specialized in supplying food and consumables to offshore installations.
• Royal Cloud H04 Water Purifier Eco-friendly water purifier producing potable water at sea, reducing plastic waste, costs, and storage needs while ensuring unlimited fresh water for crew, distributed in partnership with Fresh Water Norway.

Quantifiable outcome

• 44% lower freight costs with Modular Solutions
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• DHL Global ForwardingcoreStrategic or Co-development Partner · 25 March 2025Partnership for special cargo logistics projects. WML Aalborg partnered with DHL Global Forwarding on Ro-Ro solutions and special trailers for transporting cargo from Spain to Belgium for Odfjell vessels.
• Fresh Water NorwayminorStrategic or Co-development Partner · 13 April 2021Partnership for supply and distribution of eco-friendly water purifiers. In collaboration with Maersk, delivered 100+ Water Purifiers to vessels for potable water at sea, reducing plastic waste.
• ISWAN (International Maritime Health Association)minorOthersWrist holds membership and sponsorship of ISWAN, which works to support welfare organizations providing direct welfare services to seafarers.
• Sea Health & WelfareminorOthersPartnership for Day of the Seafarer campaign, distributing cakes to seafarers in selected ports during the annual IMO campaign.
• Seaman-AalborgminorOthersWrist supports the local welfare service in the port of Aalborg, originally founded as a seamen's home in 1905.
• Danish Seamen ChurchesminorOthersWrist supports and cooperates with Danish Seamen Churches, providing community spaces for seafarers, expatriates, and travelers.
• IMO (International Maritime Organization)minorOthersWrist supports 'Day of the Seafarer' campaign run by the International Maritime Organization annually.

Scale indicators10 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• Inchcape Shipping Services: One of the largest direct competitors in global ship supply and marine services, with port agency and ship chandler offerings that overlap heavily with Wrist's provisions, stores, and spare parts logistics. Closest comparable by business model and global port coverage.
• GAC Group: Global ship agency, husbandry, and marine logistics provider competing directly with Wrist's port-call services. Particularly strong in Middle East and Asia, and increasingly in digital procurement — directly comparable to Wrist's enterprise field sales and digital platform model.
• SOF (Supply of Finland): Finnish ship supplier with provisions, stores, and ship agency services — direct competitor in Northern European ports and on Baltic trades. Comparable product breadth and customer profile to Wrist's European operations.
• Mercandia: Nordic-headquartered ship supply group with European port coverage and similar provisions and stores offering. Direct competitor in Northern Europe and on cross-trading routes where Wrist's Modular Solutions compete on consolidated delivery pricing.
• OEG Energy Services: Offshore supply, rental, and personnel services competitor overlapping with Wrist's offshore segment. Comparable in serving offshore energy installations and competing for the same North Sea and international offshore customer base.
• Peterson Energy Logistics: Offshore-focused supply, logistics, and personnel services company directly competing with Wrist's Strachans and Wrist Offshore subsidiaries in UK and North Sea oil & gas platform supply. Comparable food, consumables, and stores offering to offshore installations.

Broad incumbents

• Wilh. Wilhelmsen ASA: Global maritime services group with ship supply, spare-parts logistics, and maritime software; overlapping customer base in liner shipping and offshore. Larger and more diversified than Wrist, with broader exposure to ship management and crew services.
• James Fisher and Sons: UK-listed marine services group with offshore, tank cleaning, and marine supply activities that overlap with Wrist's UK offshore franchise (Strachans). Broader portfolio than Wrist but shares customer base in North Sea offshore energy.

Regional players

• Vroon: Dutch-based shipping and offshore services group with North Sea exposure comparable to Wrist's Dutch offshore operations (Den Helder Stores). Adjacent as a customer of Wrist's supplies and as a provider of competing offshore services in the same geography.

Emerging players

• ShipServ: Digital maritime procurement platform connecting shipowners with marine suppliers — direct comparator to Wrist's Source2Sea marketplace. Competes for the same buyer interface in ship supply e-procurement and could disintermediate traditional chandlers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WristShipSupply
• LinkedInlinkedin.com/company/wrist-ship-supply

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wrist Ship Supply