Wallenius Wilhelmsen recently signed a significant multi-year shipping contract with Korea?s leading construction machinery company. The new agreement, which has a duration of three years, plus a two-year extension option, is valued at approximately USD 290 million in total, based on expected volumes over the three-year period. The contract commenced in January 2024, with rates in line with current market levels.

The contract includes Wallenius Wilhelmsen?s Reduced Carbon Freight Service, whereby through the utilization of B30 Biofuel, customers can typically reduce their Scope 3 CO2/GHG supply chain emissions by approximately 20-25%.