- Wallenius Wilhelmsen has recently signed agreements with Global Construction.
- Initiatives include the use of biofuel and technical and operational enhancements.
- Rates aligned with prevailing market levels.
Wallenius Wilhelmsen has recently inked substantial agreements with a top-tier global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas, reports Wallenius Wilhelmsen.
Construction and Mining Equipment Manufacturer Contract
Duration: Three years with a two-year extension option.
Valued at approximately USD 1 billion over the initial three-year period. Renewed partnership since November 2023 with adjusted rates reflecting current market conditions.
Automotive Distributor Contract
Multi-year shipping contract commenced in early 2024. Estimated value around USD 200 million over two years. Rates aligned with prevailing market levels.
Commitment to Decarbonization Initiatives
Both contracts explicitly support Wallenius Wilhelmsen’s decarbonization efforts. Initiatives include the use of biofuel, technical and operational enhancements to the existing fleet, and the exploration of new technologies.
Positive Outlook for 2024
Pia Synnerman, Chief Customer Officer, emphasizes the positive start to 2024.
These significant contracts reinforce partnerships and enhance predictability for both Wallenius Wilhelmsen and its customers.
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Source: Wallenius Wilhelmsen
