Wallenius Wilhelmsen signs USD 1bn in contracts with leading equipment manufacturer

Wallenius Wilhelmsen has entered into two three-year contracts with a leading equipment manufacturer for shipping and logistics services.

"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," says John Felitto, Chief Customer Officer at Wallenius Wilhelmsen.

The total contract value is in excess of USD 1bn over the three-year period. The shipping element of the contract is valued at about USD 950m, with rates at similar levels as the previous three-year contract.

The estimated contract value for the logistics contract is close to USD 100m over the same period.

For further information, please contact:

Anders Redigh Karlsen - VP Global IR & Market Insight Tel: +47 994 20 293 Email: anders.karlsen@walwil.com

Idha Toft Valeur - External Communication Specialist Tel: +47 406 05 210 Email: idha.valeur@walwil.com

About Wallenius Wilhelmsen Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment and breakbulk to customers worldwide. The company operates around 130 vessels servicing 15 trade routes to six continents, a global inland distribution network, 70 processing centers and eight marine terminals. Headquartered in Oslo, Norway, Wallenius Wilhelmsen operates in 28 countries and employs around 12,000 people (including seafarers). Read more at: walleniuswilhelmsen.com