Norway’s car carrier operator Wallenius Wilhelmsen has added another significant contract to its backlog.
The new multi-year agreement, with a “leading global player in the premium car segment,” is valued at more than $1bn, the car carrier operator said yesterday in a statement.
The deal covers both shipping and logistics services, as well as the use of biofuel.
The multi-year contract has a duration of three years, plus a mutual two-year extension option.
The contract started between January and April 2024 with rates in line with current market levels.
Furthermore, this contract includes the use of biofuel.
Lasse Kristoffersen, president and chief executive at Wallenius Wilhelmsen, said: “We see manufacturers shifting priorities and increasingly looking for solutions which provide predictability in their supply chains. In this case, it means longer-term contracts encompassing both logistics and shipping services.
“This goes hand in hand with Wallenius Wilhelmsen’s goal of being a total solution provider in finished vehicle logistics. This multi-year contract allows for better long-term planning and extended predictability both for the customer and us.”
Pia Synnerman, chief customer officer at Wallenius Wilhelmsen, noted: “Environmentally conscious customers recognize the urgency when it comes to decarbonizing global supply chains. Using biofuel is a strategic decision for this customer.”
