Wallenius Wilhelmsen has extended two major shipping contracts that together carry an estimated added value close to $500m.
Chief customer officer Pia Synnerman said the renewals underscore “long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains”.
The first agreement, with a leading premium European carmaker, has been prolonged for three more years, taking its expiry to 2030. The Oslo-listed roro and car logistics group, which operates around 130 ships, values the overall contract at $580m, with the extension itself accounting for about $384m based on expected volumes. The deal includes added cargo flows and extra trade lanes, and rates align with today’s market. The updated contract took effect in October 2025. With both sides pushing for lower emissions, the extension includes a multi-fuel bunker adjustment factor as part of the joint move toward net-zero by 2040.
A second renewal — this time with a major European heavy equipment manufacturer — has been rolled forward by two years and now runs through 2028. The total value of this contract is estimated at $175m, with the extension worth roughly $114m on projected volumes. Rates again are in line with current market conditions. This updated deal started in December and also includes the customer’s commitment to adopt a multi-fuel BAF during the extension period.
Synnerman said both customers want to deepen their strategic cooperation with Wallenius Wilhelmsen as they work to integrate and optimise their supply chains. “We look forward to delivering integrated logistics to both customers going forward,” she added.
