Ro-ro carrier Wallenius Wilhelmsen has signed a multi-year shipping contract with a leading construction machinery company in South Korea.
The agreement is valued at approximately USD290 million, based on expected volumes over the initial three-year period, which commenced in January 2024, with rates in line with current market levels.
The contract also includes a two-year extension option as well as Wallenius Wilhelmsen’s reduced carbon freight service, whereby customers can typically reduce their Scope 3 CO2/GHG supply chain emissions by approximately 20-25 percent through the utilisation of B30 Biofuel.
Pia Synnerman, chief customer officer at Wallenius Wilhelmsen, said: “We are witnessing a transformation in customers’ sense of urgency regarding the need to decarbonise their supply chains. Customers are partnering up with us and are increasingly committed to securing more sustainable solutions, such as biofuel.”
She added: “This multi-year contract further strengthens our partnership with one of our key customers in the high and heavy segment, extending predictability for both the customer and Wallenius Wilhelmsen.”
