Wallenius Wilhelmsen locks in $100m contract renewal

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Wallenius Wilhelmsen

Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners.

The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, emphasized that the deal reinforces a trusted relationship built over years of collaboration.

“This solidifies our partnership that has been built over several years of collaboration. We look forward to further fostering the customer relationship,” said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.

Under the renewed contract, Wallenius Wilhelmsen will continue to provide a full suite of factory vehicle processing services, including end-of-line services, accessory installations, rail loading, and yard management operations.

This deal follows another major contract signed last month—a three-year shipping agreement with a leading global construction and mining equipment manufacturer, valued at around $140m.

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.