Wallenius Wilhelmsen signs two three-year deals worth over USD1 billion

Wallenius Wilhelmsen has secured contracts worth more than USD1 billion, with an existing equipment manufacturer. The contracts cover shipping and logistics services. Wallenius Wilhelmsen said the two contracts have a three-year term, with the shipping element of the contract valued at USD950 million, and the logistics contract bringing in an estimated USD100 million.

“Our long-standing relationship with the customer gives us a deep understanding of their business and evolving shipping and logistics needs. By combining the scale of our global network with reliable capacity and operational flexibility, we are well positioned to support their global supply chain,” said John Felitto, chief customer officer at Wallenius Wilhelmsen.

The deal comes straight after Wallenius Wilhelmsen signed a shipbuilding contract with Jinling Shipyard (Jiangsu) for up to 12 dual-fuel 9,900 ceu pure car and truck carriers (PCTCs). Should the company exercise all the options in the contract, the total order value would reach USD1.5 billion.

This story was originally published by Project Cargo Journal. Read the full story at Project Cargo Journal →