Wallenius Wilhelmsen signs two multi-year shipping contracts with large auto OEMs, both including biofuel. “The contracts are a great testament to our customers’ commitment to ensuring more sustainable freight,” says Pia Synnerman Chief Customer Officer at Wallenius Wilhelmsen.
Both contracts are with leading auto OEMs and span over multiple years.
The first is a three-year shipping contract. It is valued at approximately USD 263 million over the contract period based on the assessed volume. This contract adopts Wallenius Wilhelmsen’s re-engineered bunker adjustment factor, BAF2.0, for the Asia to North America trade lane.
The second is a two-year shipping contract. The value is approximately USD 112 million for the contract period based on the agreed volume. The contract includes a fixed surcharge for biofuel use.
Rates are in line with current market levels. The contracts commence in January and April 2025 respectively.
“These agreements add to our contracted book of business and are a great testament to our customers’ commitment to ensuring more sustainable freight by investing in the use of biofuel when transporting their cars with us. We are dependent on forward-leaning customers who join us on the path to net-zero,” says Pia Synnerman Chief Customer Officer at Wallenius Wilhelmsen.
Additionally, as previously communicated, we plan to issue an update on our 2024 outlook and our outlook for 2025. This update will be published on 16 December ahead of the market opening.
