Norway’s car carrier operator Wallenius Wilhelmsen has secured a three-year shipping contract with a large construction and mining equipment manufacturer.
The Oslo-headquartered operator didn’t disclose the name of the company, but it said that the contract signed is with a “world leading equipment manufacturer.”
The contract is estimated to have a value of around $140m based on expected volumes over the three-year period.
“Wallenius Wilhelmsen is seen as a key long-term partner,” the company stated in a filing, adding that the renewed agreement between the two parties began on May 1, 2025, with amended rates in line with current market levels.
The customer’s agreements include direct support for Wallenius Wilhelmsen’s decarbonization initiatives with a new BAF scheme accommodating the expected evolution of the company’s fuel mix for the future.
“Continuing our positive start to 2025, the significant multi-year contract further strengthens our long-standing partnerships in the high and heavy segment, extending predictability for both the customer and Wallenius Wilhelmsen,” said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
Wallenius Wilhelmsen group operates around 125 vessels servicing 15 trade routes to six continents, a global inland distribution network, 66 processing centers and seven marine terminals.
