Wallenius Wilhelmsen enters into five-year agreement with leading equipment manufacturer

28 Oct 2024 08:00 CET

Oslo, 28 October 2024 – Wallenius Wilhelmsen has entered into a five-year
agreement with a leading agriculture, forestry and roadbuilding equipment
manufacturer.

The new multi-year shipping and logistics agreement commences December 1, 2024,
and is valued at approximately USD 766 million in total, based on expected
volumes over the five-year period. Rates are in line with current market levels
and the agreement includes a partnership on decarbonization, whereby the
customer agrees to pay for the phase-in of green and renewable fuels.

“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”, says Pia
Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.

“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”,
says Synnerman.

The agreement is subject to final documentation.



Wallenius Wilhelmsen is committed to publishing information on contracts with
the market valued above USD 100m, where applicable.


For further information, please contact:
Anders Redigh Karlsen – VP Investor Relations & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com

David Hopkins – External Communications Manager
Tel: +47 942 88 486
Email: david.hopkins@walwil.com

About Wallenius Wilhelmsen  
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (Ro-Ro)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers all over the world. 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. With a head office in Oslo, Norway, the Wallenius Wilhelmsen group
has 9,500 employees working across 28 countries worldwide. 

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