Norwegian car carrier player Wallenius Wilhelmsen has won a three-year shipping contract with an unnamed construction and mining equipment manufacturer.
The contract is estimated to have a value of approximately $140m based on expected volumes over the three-year period.
The company stated that the renewed agreement between the two began on May 1, 2025. The rates were amended in line with current market levels.
The customer’s agreements include direct support for Wallenius Wilhelmsen’s decarbonisation initiatives with a new BAF scheme accommodating the expected evolution of the company’s fuel mix for the future.
“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,” said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
