Wallenius Wilhelmsen snags USD700 million deal with Asian car manufacturer

Wallenius Wilhelmsen secured a three-year deal worth USD700 million with an Asian car manufacturer, extending its recent bookings to well over USD1.5 billion. The company said the three-year deal includes a two-year extension option and incorporates a multi-fuel approach across all trade lanes. This leaves the space to gradually introduce alternative and lower-emission fuels.

“The significant long-term commitment strengthens our position as a key logistics partner and gives us an even stronger foundation for providing end-to-end solutions across ocean, logistics, and supply chain services,” says John Felitto, chief customer officer at Wallenius Wilhelmsen.

The deal follows a couple of contracts Wallenius Wilhelmsen signed last week with an equipment manufacturer. The value of the contract exceeds USD1 billion.

Furthermore, the company has 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 →