Wallenius Wilhelmsen ASA: Secures another substantial multi-year contract (correction)

This is a correction to the previous message where there was a "?" in the 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.

Source: NewsWeb