Wallenius Wilhelmsen ASA: Secures another substantial multi-year contract (correction)
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heading. This has been removed. There are no further adjustments.
Wallenius Wilhelmsen recently signed another significant multi-year contract.
The new agreement, with a leading global player in the premium car segment, is
valued at more than USD 1 billion over three years, covering both shipping and
logistics services, as well as the use of biofuel. The multi-year contract has a
duration of three years, plus a mutual two-year extension option. The contract
started between January and April 2024 with rates in line with current market
levels.
"We see manufacturers shifting priorities and increasingly looking for solutions
which provide predictability in their supply chains. In this case, it means
longer-term contracts encompassing both logistics and shipping services. This
goes hand in hand with Wallenius Wilhelmsen's goal of being a total solution
provider in finished vehicle logistics. This multi-year contract allows for
better long-term planning and extended predictability both for the customer and
us," says Lasse Kristoffersen, President, and CEO at Wallenius Wilhelmsen.
This contract includes the use of biofuel. "Environmentally conscious customers
recognize the urgency when it comes to decarbonizing global supply chains. Using
biofuel is a strategic decision for this customer," says Pia Synnerman, Chief
Customer Officer at Wallenius Wilhelmsen.
For further information, please contact:
Investors
Anders Redigh Karlsen, VP IR & Market Insight
Tel: +47 994 20 293 Email: anders.karlsen@walwil.com
Media
David Hopkins, External Communications Manager
Tel: 942 88 486 Email: david.hopkins@walwil.com
Or visit our website:
https://www.walleniuswilhelmsen.com/who-we-are/investors
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
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.