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Norway-based car carrier operator Wallenius Wilhelmsen has entered into a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer.
The new shipping and logistics agreement will launch on 1 December and is valued at approximately US$766 million in total, based on expected volumes over the five-year period.
Rates are in line with current market levels and the agreement includes a partnership on decarbonization, whereby the customer, who remains unknown, agrees to pay for the phase-in of green and renewable fuels, according to Wallenius Wlhemsen’s announcement.
“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,” stated Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen.
“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,” added Synnerman.
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