Wallenius Wilhelmsen has added a $1bn contract to its backlog.
The agreement with a “leading global player in the premium car segment” covers shipping and logistics services.
The Norwegian car carrier owner has secured contracts worth about $2.8bn in recent months.
Chief executive Lasse Kristoffersen said: “We see manufacturers shifting priorities and increasingly looking for solutions which provide predictability in their supply chains. In this case, it means longer-term contracts encompassing both logistics and shipping services.”
The latest contract, which started between January and April, is for three years, with a mutual two-year extension option.
“This goes hand in hand with Wallenius Wilhelmsen’s goal of being a total solution provider in finished vehicle logistics. This multi-year contract allows for better long-term planning and extended predictability both for the customer and us,” Kristoffersen said.
The contract rates are in line with current market levels.
The use of biofuel is included in the contract.
“Environmentally conscious customers recognise the urgency when it comes to decarbonising global supply chains. Using biofuel is a strategic decision for this customer,” said Pia Synnerman, chief customer officer.
