Photo credit: Wallenius Wilhelmsen
Norway’s car carrier operator Wallenius Wilhelmsen has secured a five-year deal worth $766m with an agriculture, forestry and roadbuilding equipment manufacturer.
The giant car carrier announced on Monday a new multi-year shipping and logistics agreement that starts on December 1.
The deal is valued at around $766m in total, Wallenius Wilhelmsen said, based on expected volumes over the five-year period.
As it is reported, “the rates are in line with current market levels.”
Furthermore, the deal includes a partnership on decarbonization, whereby the customer agrees to pay for the phase-in of green and renewable fuels.
Pia Synnerman, chief customer officer at Wallenius Wilhelmsen, said: “Strengthening our long-term partnership with a key high and heavy customer, the agreement reflects the customer’s need to secure predictable long-term ocean capacity and commitment to decarbonizing their supply chain.
“This renewed agreement complements the existing logistics and digital supply chain scope we currently provide them globally, including our integrated service offering, whereby we manage product and information flows along the entire outbound supply chain, from their factories to ports in destination regions.”
The deal is subject to final documentation.
