Wallenius Wilhelmsen firms up order for methanol-capable and ammonia-ready newbuilds

Norwegian car carrier operator Wallenius Wilhelmsen has signed a three-year transport deal with a Swedish customer.

On Friday, Wallenius Wilhelmsen announced another contract worth around $300m with an unspecified “large Swedish manufacturing company”.

The new agreement, which has a duration of three years, plus a two-year extension option, is valued at approximately $300m, based on expected volumes over the three years.

The company said the contract started in January 2024, with rates in line with current market levels.

Pia Synnerman, chief customer officer at Wallenius Wilhelmsen, said: “The positive continuation of a long-standing and multi-faceted partnership, this contract enables one of our key customers to secure the ocean capacity they require to support their market needs.”

Synnerman added, “Sharing our commitment towards sustainability, as part of the new agreement we are in discussions with the customer on both short and long-term strategic decarbonization initiatives.”

This is another contract signed recently as Wallenius few days ago made a deal with a leading construction and mining equipment manufacturer valued at approximately $1bn and also a deal with one of the largest automotive distributors in the Americas worth around $200m.