Norway’s car carrier operator Wallenius Wilhelmsen has extended two key strategic contracts for shipping services with an estimated additional value of close to $500m.
Pia Synnerman, chief customer officer at Wallenius Wilhelmsen, said that “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.”
The first contract is with a 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 $580m, with the extension value being $384m based on expected volumes. The contract extension includes additional volumes and trade lanes.
According to Wallenius Wilhelmsen, 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 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 $175m, with the extension value being $114m, based on expected volumes. The rates are in line with current market levels, the company said.
The customer has committed to introducing a multi-fuel BAF as part of the extension period. The renewed agreement commenced on December 1, 2025.
Synnerman added that, “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.”
