The Scandinavian RoRo specialist Wallenius Wilhelmsen has signed two new contracts with a leading equipment manufacturer. The total value of the contracts is more than $1 billion.
The shipping and logistics group Wallenius Wilhelmsen has signed two contracts for transport and logistics services with an unnamed equipment manufacturer. Both agreements have a term of three years and are collectively worth more than $1 billion.
According to the company, around $950 million relates to the maritime transport sector. The agreed freight rates are at a similar level to those in the previous three-year contract. The value of the additional logistics contract is estimated at just under $100 million.
“Our long-standing relationship with this customer gives us a deep understanding of its business and its evolving transport and logistics requirements,” explained John Felitto, Chief Customer Officer at Wallenius Wilhelmsen. With its global network, reliable capacity and operational flexibility, the company is able to support the customer’s global supply chains.
Wallenius Wilhelmsen continues to expand its fleet
Just yesterday, Wallenius Wilhelmsen also announced an expansion of its new-build programme. The shipping company has ordered four further “Shaper Class” car carriers from the Chinese Jinling shipyard and secured options for eight additional vessels. The newbuilds are each expected to have a capacity of 9,900 CEU and will be fitted with LNG dual-fuel engines. Deliveries are scheduled to begin in 2030. If all options are exercised, the total investment would amount to $1.5 billion. The fleet renewal programme now comprises 26 vessels, including the options.
Wallenius Wilhelmsen is one of the leading providers of Ro-Ro transport and vehicle logistics. The company operates a fleet of around 130 vessels on 15 trade routes connecting six continents. Its global logistics network also comprises 70 vehicle handling centres and eight port terminals. The group, headquartered in Oslo, operates in 28 countries and employs around 12,000 people, including seafarers.
