Wallenius Wilhelmsen signs major agreement with Asian auto manufacturer worth USD 700m

Wallenius Wilhelmsen has entered a three-year shipping contract with a leading Asian auto manufacturer.

"This agreement builds on a strong track record and the trust we have established with the customer across our services. 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 contract is valued at approximately USD 700m over the initial three-year period. Rates are in line with current market levels and include a two-year extension option, subject to mutual agreement.

Further, the agreement incorporates a multi-fuel approach across all trade lanes, designed to accommodate the gradual introduction of alternative and lower-emission fuels.

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