Wallenius Wilhelmsen to integrate renewable fuels in $766 million contract

Commencing on December 1, 2024, this comprehensive logistics contract is projected to be worth approximately $766 million, based on expected shipment volumes over the contract term.

Under the terms of the agreement, Wallenius Wilhelmsen will deliver a predictable, long-term ocean capacity, aligned with market-standard rates. Significantly, the agreement also includes a pioneering partnership for decarbonisation, which will see the customer invest in greener shipping methods by funding the phase-in of renewable and low-carbon fuels.

Chief customer officer Pia Synnerman emphasised that the new agreement reflects Wallenius Wilhelmsen’s commitment to both reliability and sustainability in shipping services for its “high and heavy” segment customers. “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 decarbonising their supply chain,” said Synnerman.

The renewal also builds upon the logistics and digital supply chain services that Wallenius Wilhelmsen currently provides for the client across multiple regions. “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,” Synnerman added.