Wallenius Wilhelmsen enters into a three-year shipping contract with one of the world’s leading construction and mining equipment manufacturers. The contract is estimated to have a value of approximately USD 140m based on expected volumes over the three-year period.
Wallenius Wilhelmsen is seen as a key long-term partner, and the renewed agreement commenced in May 1, 2025, with amended rates in line with current market levels.
The customer’s agreements include direct support for Wallenius Wilhelmsen’s decarbonization initiatives with a new BAF scheme accommodating the expected evolution of our fuel mix for the future.
“Continuing our positive start to 2025, the significant multi-year contract further strengthens our long-standing partnerships in the high and heavy segment, extending predictability for both the customer and Wallenius Wilhelmsen,” says Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.
Earlier this month, Wallenius Wilhelmsen announced that it had acquired the remaining shares of Armacup, a New Zealand car carrier operator, achieving full ownership of Armacup. In addition, the company has transferred ownership of the Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT) to Australian Amalgamated Terminals, a wholly owned
subsidiary of Qube Holdings Limited. The transaction value was AUD 332.5 million.
Wallenius Wilhelmsen has announced shipping contracts one after another this year. At the end of March, Wallenius Wilhelmsen announced that it had renewed a 10-year large-scale automotive logistics agreement with an existing customer (automotive equipment manufacturer), which is expected to be worth about USD 2 billion and will take effect from April 2027. In April, it announced a new 5-year transportation contract with a European automaker, worth about USD 380 million.