Wallenius Wilhelmsen signs multi-year contract with large Swedish manufacturing company

Oslo, 02 February 2024 - Wallenius Wilhelmsen recently signed a significant multi-year contract with a large Swedish manufacturing company. The new agreement, which has a duration of three years, plus a two-year extension option, is valued at approximately USD 300 million in total, based on expected volumes over the three-year period. The contract commenced in January 2024, with rates in line with current market levels. "The positive continuation of a long-standing and multi-faceted partnership, this contract enables one of our key customers to secure the ocean capacity they require to support their market needs" says Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen. Synnerman adds, "Sharing our commitment towards sustainability, as part of the new agreement we are in discussions with the customer on both short and long-term strategic decarbonization initiatives." For further information, please contact: Anders Redigh Karlsen - VP Investor Relations & Market Insight Tel: +47 994 20 293 Email: anders.karlsen@walwil.com 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. Read more at: walleniuswilhelmsen.com

Source: NewsWeb