Wallenius Wilhelmsen has announced the extension of two strategic shipping contracts with an estimated combined additional value of close to $500 million.
The first agreement, with an unnamed “premium” European auto manufacturer, has been extended by three years and will now run until 2030. The total value of the contract is estimated at $580 million, with the extension portion valued at $384 million based on expected volumes.
The deal includes additional volumes and trade lanes, with rates described as in line with current market levels. The renewed agreement commenced in October 2025.
The second contract, signed with an undisclosed European heavy equipment manufacturer, has been extended for two years through 2028.
It carries an estimated total value of $175 million, of which $114 million comes from the extension. The renewed agreement took effect on December 1, 2025.
The company noted that both contracts include a multi-fuel bunker adjustment factor (BAF) mechanism intended to support local emissions reduction efforts.
Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen, stated, “The renewed contracts are a testament to the strength of long and strong standing partnerships with shared commitment towards….developing integrated supply chains.”