Ro-ro shipping specialist Wallenius Wilhelmsen has extended two key strategic contracts for shipping services with an estimated additional value of close to USD500 million.
One of the contracts is with a leading European heavy equipment manufacturer and is extended for two additional years, with the new contract being valid through 2028. The rates are in line with current market levels, and the customer has committed to introducing a multi-fuel bunker adjustment factor (BAF) as part of the extension period.
The other contract is with a European auto manufacturer and is extended by three additional years, with the new contract now ending in 2030. With both parties aiming to reduce emissions, the contract also includes a multi-fuel BAF mechanism, in line with the trajectory of reaching net-zero in 2040.
“The renewed contracts are a testament to the strength of long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains,” said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
In 2024, Wallenius Wilhelmsen launched a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040.
The carrier said that its BAF2.0 adjustment factor will streamline and simplify the adaptation of alternative fuels, including biofuel, bio-LNG, methanol and ammonia. Moreover, it should give greater clarity around their cost.
Earlier this year, Wallenius Wilhelmsen teamed up with project freight forwarder Fracht Group to deliver a 334-tonne generator stator from Germany to Australia, marking the heaviest single breakbulk piece ever carried by the ro-ro shipping group. After arriving at the port of Brisbane, Australia, the stator was unloaded from the vessel Salome, ready for onward travel.
