Wallenius Wilhelmsen extends two contracts with estimated value of close to USD 500m

Wallenius Wilhelmsen extends two key strategic contracts for shipping services with an estimated additional value of close to USD 500m.

“The renewed contracts are a testament to the strength of long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains,” says Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.

The first contract is with a leading premium European auto manufacturer and is extended by three additional years, with the new contract now ending in 2030. The contract is estimated to have a total value of USD 580m, with the extension value being USD 384m based on expected volumes. The contract extension includes additional volumes and trade lanes.

Rates are in line with current market levels and the renewed agreement commenced in October 2025. With both companies' ambition to reduce emissions, the contract includes a multi-fuel BAF mechanism to reduce emissions, in line with the trajectory of reaching net-zero in 2040.

The second contract is with a leading European heavy equipment manufacturer and is extended for two additional years with the new contract being valid through 2028.

The contract has an estimated total value of USD 175m, with the extension value being USD 114m, based on expected volumes. The rates are in line with current market levels.

The customer has committed to introducing a multi-fuel BAF as part of the extension period. The renewed agreement commenced on December 1, 2025.

"Both customers want to build on the existing foundation of their strategic collaboration with Wallenius Wilhelmsen to continue efforts for further integrating and optimizing their supply chains. We look forward to delivering integrated logistics to both customers going forward," says Synnerman.