Wallenius Wilhelmsen, listed on the Oslo Stock Exchange, announced that it has renewed a shipping contract with a global automotive distributor, securing an estimated net freight revenue of around $190 million.
The agreement has a fixed term of two years and includes a mutual option to extend it for another one. It also provides for a fixed surcharge for the use of different types of fuel (multi-fuel), reflecting the company’s growing focus on flexible bunkering solutions for its fleet.
Over the last 12 months, the Norwegian giant has consolidated its market position through a series of renewals and new strategic agreements, securing revenues of over $1 billion.
In December 2025, the company secured a five-year extension worth approximately $150 million with a long-standing European customer in the heavy equipment sector. In January, it signed an annual agreement for transporting heavy vehicles and machinery, with estimated revenues of $130 million.
Two additional shipping contracts worth a total of close to $500 million have also been extended: a three-year extension of an agreement with a premium European car manufacturer and a two-year extension of another contract signed with a European heavy equipment manufacturer.
Translation by Giles Foster
