Norway’s car carrier operator Wallenius Wilhelmsen has renewed a shipping contract with a European based automotive manufacturer.
The Oslo-headquartered company said on Friday the deal with the customer would last five years.
As it is reported, the contract has an estimated value of $380m over the contract period.
Meanwhile, the new contract lasts five years and starts on April 1. According to Wallenius Wilhelmsen, the rates are in line with the current market levels.
“We are pleased to announce this multi-year agreement with a long-term customer strengthening our existing partnership. This demonstrates their commitment to securing long-term ocean capacity and enables us to deliver best-in-class service helping our customer reach their ambitions,” said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
The company operates around 125 vessels servicing 15 trade routes to six continents, a global inland distribution network, 66 processing centers and eight marine terminals.
