Höegh Autoliners, Wallenius Wilhelmsen announce multi-year deals

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Oslo-listed RoRo majors Höegh Autoliners and Wallenius Wilhelmsen ink new shipping contracts.

Höegh Autoliners ASA, a Norwegian shipping company specialising in vehicle transportation, has secured a five-year contract with an unnamed international car producer for the transportation of cars from the US and Mexico to the Middle East.

The contract announcement is part of Höegh Autoliners’ effort to increase transparency through a practice of disclosing monthly trading updates and new contracts with mutual rate and volume commitments exceeding a total value of USD 100 million.The company, however, did not disclose the value of the deal.

“We are pleased to have formalised the collaboration with one of our most important customers in the form of a five-year contract. Serving our strategic customers and allocating capacity to them in our systems both ex. Atlantic and ex. Asia is our top priority. We have a long history in the US to the Middle East trade and it gives us confidence that customers see us as their trusted long-term carrier for their products in this corridor,” Andreas Enger, CEO of Höegh Autoliners, said.

“We have successfully reduced our carbon footprint by 40% since 2008. Later this year, we will offer our customers the opportunity to transport their cargo on the first of our Aurora class newbuilds, which at the time of delivery will be the largest and most carbon-efficient car carriers in the industry, with over 50% lower emissions than a standard PCTC,” Enger added.

Separately, RoRo shipping major Wallenius Wilhelmsen revealed that it has signed a multi-year contract with a ‘major industrial equipment manufacturer’.

The three-year contract, valued at approximately US$195 million, includes a mutual two-year extension option. The agreement is based on expected volumes over the initial period, with rates aligned with current market levels.

“This updated shipping agreement with an established long-term customer, is based upon multiple scheduled trade routes and secures the ocean capacity required to help deliver on their market ambitions. It is yet another example of how we are continuing to renew and strengthen our existing partnerships,” Pia Synnerman, Chief Customer Officer at Wallenius Wilhelmsen, said.

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