Wallenius Wilhelmsen extends two key strategic contracts for shipping services
with an estimated additional value of close to USD 500m. "The renewed contracts
are a testament to the strength of long and strong standing partnerships with
shared commitment towards zero emissions and developing integrated supply
chains," says Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.
The first contract is with a leading premium European auto manufacturer and is
extended by three additional years, with the new contract now ending in 2030.
The contract is estimated to have a total value of USD 580m, with the extension
value being USD 384m based on expected volumes. The contract extension includes
additional volumes and trade lanes.
Rates are in line with current market levels and the renewed agreement commenced
in October, 2025. With both companies' ambition to reduce emissions, the
contract includes a multi-fuel BAF mechanism to reduce emissions, in line with
the trajectory of reaching net-zero in 2040.
The second contract is with a leading European heavy equipment manufacturer and
is extended for two additional years with the new contract being valid through
2028.
The contract has an estimated total value of USD 175m, with the extension value
being USD 114m, based on expected volumes. The rates are in line with current
market levels.
The customer has committed to introducing a multi-fuel BAF as part of the
extension period. The renewed agreement commenced on December 1, 2025.
"Both customers want to build on the existing foundation of their strategic
collaboration with Wallenius Wilhelmsen to continue efforts for further
integrating and optimizing their supply chains. We look forward to delivering
integrated logistics to both customers going forward," says Synnerman.
For further information, please contact:
Anders Redigh Karlsen - VP Global IR & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com
Idha Toft Valeur - Media Contact
Tel: +47 406 05 210
Email: idha.valeur@walwil.com
About Wallenius Wilhelmsen:
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers all over the world. The company
operates around 130 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 70 processing centers and seven marine
terminals. With a head office in Oslo, Norway, the Wallenius Wilhelmsen group
has 9,500+ employees working across 28 countries worldwide.
Read more at: walleniuswilhelmsen.com