Wallenius Wilhelmsen has secured a new three-year shipping contract, valued at approximately $140 million, with a major global manufacturer of construction and mining equipment. The agreement officially commenced on May 1, 2025. This contract is seen as a strengthening of a long-term partnership and includes amended rates that align with the current market.
Long Term Partner
The renewed agreement establishes Wallenius Wilhelmsen as a crucial long-term partner. It includes updated rates that reflect the prevailing market conditions. A significant aspect of the contract is the incorporation of a new Bunker Adjustment Factor (BAF) scheme. This BAF is designed to directly support Wallenius Wilhelmsen’s initiatives towards decarbonization and to accommodate the anticipated changes in its fuel usage over time.
Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen, commented on the agreement, stating, “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.”
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Source: Project Cargojournal
