Norwegian car carrier operator Wallenius Wilhelmsen has signed a multi-year deal with an undisclosed client, described only as a ‘leading industrial equipment manufacturer’.
The new multi-year contract has a duration of three years, plus a mutual two-year extension option. The contract is valued at approximately $195m in total.
The price tag of the deal is based on expected volumes over the three-year period, with rates in line with current market levels.
“This updated shipping agreement with an established long-term customer, is based upon multiple scheduled trade routes and secures the ocean capacity required to help deliver on their market ambitions”, said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
