Wallenius Wilhelmsen has entered a five-year agreement with a leading agriculture, forestry and roadbuilding equipment manufacturer.
The new multi-year shipping and logistics agreement commences 1 December 2024 and is valued at approximately $766 million in total, based on expected volumes over the five-year period.
Rates are in line with current market levels and the agreement includes a partnership on decarbonisation, whereby the customer agrees to pay for the phase-in of green and renewable fuels.
The agreement is subject to final documentation.
“Strengthening our long-term partnership with a key high and heavy customer, the agreement reflects the customer’s need to secure predictable long-term ocean capacity and commitment to decarbonising their supply chain,” said Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.
“This renewed agreement complements the existing logistics and digital supply chain scope we currently provide them globally, including our integrated service offering, whereby we manage product and information flows along the entire outbound supply chain, from their factories to ports in destination regions.”
Last month, Wallenius Wilhelmsen announced that 4 of the 12 Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 to approximately 11,700 CEU.