Wallenius Wilhelmsen lands $1B, three-year car shipping contract including biofuels

In Norway, Wallenius Wilhelmsen recently signed another significant multi-year contract. The new agreement, with a leading global player in the premium car segment, is valued at more than $1 billion over three years, covering both shipping and logistics services, as well as the use of biofuel. The multi-year contract has a duration of three years, plus a mutual two-year extension option. The contract started between January and April 2024 with rates in line with current market levels.