Wallenius Wilhemsen secures contracts worth billions

The car transport shipping company Wallenius Wilhelmsen has secured orders from two major customers, enabling it to book billions in revenue.

Wallenius Wilhelmsen, which is also an important customer in German ports such as Bremerhaven, has reportedly signed major contracts with a leading global manufacturer of construction and mining machinery and with one of the largest automobile dealers in America. [ds_preview]

The transportation contract, which has now been extended, has a term of three years plus a two-year extension option and a total value of around $1 billion. The company announced that the charter rates had been increased in view of the rise in freight prices.

Boost for decarbonization at Wallenius Wilhelmsen

Wallenius Wilhelmsen has also signed a multi-year freight forwarding contract with one of the largest automobile dealers in North and South America. The contract, which will take effect from the beginning of 2024, is worth around 200 million dollars.

Both customer agreements include direct support for Wallenius Wilhelmsen’s decarbonization initiatives. These include the use of biofuel, technical and operational improvements to the fleet and the development of new technologies.

The Wallenius Wilhelmsen Group is a market leader in RoRo shipping and vehicle logistics. The company operates around 125 vessels serving 15 trade routes on six continents, a global inland distribution network, 66 processing centers and eight sea terminals. Wallenius Wilhelmsen is headquartered in Oslo and employs more than 9,000 people in 28 countries worldwide.

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