Wallenius Wilhelmsen has extended two long-term shipping contracts with a premium European automaker and a major European heavy equipment manufacturer, adding an estimated incremental value close to USD 500 million, according to a stock-exchange notice.
The company said the renewals highlight continued demand for RoRo capacity and integrated logistics solutions. The first agreement, covering ocean transport for a leading premium European auto manufacturer, has been prolonged by three years to 2030.
The contract is valued at USD 580 million in total, with the extension contributing USD 384 million based on expected volumes. Updated terms, effective since October 2025, include additional cargo volumes, new trade lanes and freight rates in line with current market levels.
The contract now incorporates a multi-fuel bunker adjustment factor (BAF) aimed at tracking a cleaner fuel mix to support a net-zero target by 2040.
The second contract, with a European heavy equipment maker, has been extended by two years through 2028. Its estimated total value is USD 175 million, including USD 114 million attributable to the extension. Rates follow prevailing market conditions, and the renewed terms began on 1 December 2025. This customer has also committed to adopting a multi-fuel BAF mechanism during the extension period.
The counterparties are not identified. Norwegian financial media report they are long-standing clients in the automotive and construction-equipment segments, and that the renewals reinforce the company’s contracted backlog.
Wallenius Wilhelmsen is a global roll-on/roll-off shipping and vehicle-logistics group headquartered in Oslo, Norway. It operates deep-sea trade routes and inland distribution networks, as well as processing centres and marine terminals across multiple continents. The company provides transport and logistics for cars, trucks, rolling equipment and breakbulk cargo. Its strategy includes decarbonisation initiatives such as multi-fuel surcharge mechanisms and exploration of alternative propulsion technologies.