SCANDINAVIAN ro-ro and PCTC specialist Wallenius Wilhelmsen has locked in a five-year shipping and logistics contract valued at an expected USD 766 million based on anticipated volumes.
WW says the agreement is with (an unnamed) leading agriculture, forestry and roadbuilding equipment manufacturer, commences on 1 December 2024, and rates are ion line with current market levels.
The agreement includes a partnership on decarbonization, whereby the customer agrees to pay for the phase-in of green and renewable fuels.
“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 decarbonizing their supply chain,” Pia Synnerman, WW chief customer officer, said.
“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.”
The agreement is subject to final documentation.
Meanwhile, it has emerged that WW has novated six of the twelve Shaper class PCTCs on order in China to EUKOR, the South Korea PCTC specialist it majority owns (with Hyundai Motor Co and Kia Motors holding the rest). EUKOR recently announced it had arranged finance for the first two of its allocated Shapers (DCN 16 October).
