Wilhelmsen News

Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45.3%. The EU tariffs, which came into play in November for a period of five years and were increased following an investigation into Chinese state subsidies to domestic car manufacturers, are weighing…

Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed automotive manufacturer worth $580 million.The new contract has a duration of three years and three months with commencement on January 1, 2025.The contract has an estimated value of $580 million in total over the contract period, with rates in line with current market levels.“This demonstrates their commitment to securing long-term ocean capacity and will further strengthen our partnership.“We are pleased to announce this multi-year agreement with a long-term customer strengthening our existing partnerships.

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has ordered two additional 11,700 CEU Shaper class pure car and truck carriers (PCTCs) from China Merchants Jingling Shipyard in China.The two declared options are part of the four previously announced outstanding options. Delivery is expected in the first half of 2028.As part of the agreement, Wallenius Wilhelmsen will continue to hold options for two more vessels declarable by the second half of 2025. Wallenius Wilhelmsen also intends to upsize two additional vessels from 9…

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer to provide its shipping and logistics services.The agreement with an unnamed Wallenius Wilhelmsen’s client is valued at approximately $766 million in total, based on expected volumes over the five-year period.Rates are in line with current market levels and the agreement includes a partnership on decarbonization…

Wilhelmsen Ship Management announced its chief operating officer Haakon Lenz will assume the role of CEO, succeeding Carl Schou, who is retiring after 19 years of service, including 16 years as CEO.Lenz will assume the role of CEO on January 1, 2025, and Carl Schou will remain with the company as a senior advisor for a period of six months.A naval architect with hands-on experience in ship management and global operations, Lenz, is a seasoned maritime leader with extensive experience across various operational and technical functions.

Wilhelmsen Ships Service has integrated Stromme and Navadan to launch a new tank and hold cleaning unit under the brand Navadan by Wilhelmsen.The strategic acquisitions of Stromme, a provider of cargo hold cleaning solutions as well as Navadan, a dedicated team of tank and cargo hold cleaning specialists, was fully in line with the strategy to expand, grow and further develop market presence within these segments, Wilhelmsen Ships Service.Navadan by Wilhelmsen is expected to strengthen the global maritime group’s capabilities in the tank and cargo hold cleaning market…

Kongsberg Maritime has received Approval in Principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control center.The move will enable the role of Chief Engineer to be located in a Remote Operations Centre (ROC), where the duties can be carried out from a desk-based workstation, instead of onboard a vessel.From the workstation, the Chief Engineer will be able to monitor and control systems including the Power Management System, ballast water system and deck machinery on three vessels.

Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry.The process puts Norway on track to become the first country to start commercial production from its continental shelf of metals useful in the transition from from oil and gas, such as copper, cobalt and zinc, as well as rare earth elements (REE).Nominations for acreage…

Wallenius Wilhelmsen has signed a 20-year lease agreement with the Georgia Ports Authority (GPA), with options up to 30 years for Brunswick port expansion, increasing its strategic terminal and processing networkUpgraded and enlarged Brunswick facilities will further expand the scope and scale of U.S. Southeast operations of Wallenius Wilhelmsen, which is the world's largest RoRo vessel operator.The Brunswick expansion will further cement the company’s position as the favored partner for North American customers…

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a multi-year contract with a leading global player in the premium car segment, valued at more than $1 billion.Spanning three years, the contract covers both shipping and logistics services, as well as the use of biofuel.The contract started between January and April 2024 with rates in line with current market levels, and also entails a mutual two-year extension option. “We see manufacturers shifting priorities and increasingly looking for solutions which provide predictability in their supply chains.

Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.The company said its vessel Carmen - which according to shipping data is among the biggest car carriers in its fleet - remained stuck in Baltimore's port, with the ship and its crew ready to sail as soon as the channel was reopened.Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday…

Massterly has opened its new Remote Operation Center (ROC) in Horten, Norway as the company transitions from the testing phase to fully-fledged autonomous vessel operational capabilities."The opening of the ROC is a milestone in Massterly's history and represents a big step forward for autonomous shipping," said Tom Eystø, General Manager of Massterly, a jointly owned venture between Kongsberg Maritime and the Wilhelmsen Group formed in 2018. "With the support of our owners, including our partners ASKO…

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels. The 9,300 CEU methanol dual fuel vessels can utilize alternative fuel sources, such as methanol, upon delivery.They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.These next generation vessels will play a key role in the introduction…

Pelagus 3D, a joint venture company of thyssenkrupp and Wilhelmsen, and Doosan Enerbility signed a memorandum of understanding (MoU) to advance the adoption of on-demand additive manufacturing (AM) in Korea’s maritime and offshore industries.The MOU was signed by Kenlip Ong, Chief Executive Officer of Pelagus 3D, and Yongjin Song, Executive Vice President of Strategy & Innovation of Doosan Enerbility, in Singapore at Pelagus 3D’s headquarters.The collaboration brings together Pelagus 3D’s engineering expertise in AM and in-depth maritime knowledge…

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

Wallenius Wilhelmsen has signed significant contracts whose combined worth amounts to $1.2 billion for the world’s largest RoRo vessel operator.The contracts have been signed with a leading global construction and mining equipment manufacturer, and with one of the largest automotive distributors in the Americas.The first multi-year shipping contract with equipment manufacturer has a duration of three years, plus a two-year extension option.It is valued at approximately $1 billion in total…

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a multi-year shipping contract with South Korea’s construction machinery company and taken delivery of two vessels.Through its 80% owned subsidiary EUKOR, Wallenius Wilhelmsen welcomed the 2009-built, 6,600 CEU Morning Camilla vessel following the declaration of a purchase option under the long-term charter-in agreement.The purchase price is $30 million, well below the assessed charter-free valuation of around $70 million…

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

“The safety of our people is our number one priority,” said Wallenius Wilhelmsen in a statement indicating that until further notice it has decided to reroute all vessels to avoid the Red Sea area.“To monitor the ever-changing situation, we have developed a cross-functional team. Aside from ensuring safety, the team is evaluating operational, legal and commercial implications over the next couple of months.”All vessels planned for Red Sea transit will be re-routed to the Cape of Good Hope. The deviated routes will add an estimated 10-14 days in extra sailing time.U.S.

The CEOs of leading global shipping lines issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the IMO to create the regulatory conditions to accelerate the transition to green fuels.The only realistic way of meeting the IMO’s 2030, 2040 and net-zero 2050 goals is to transition from fossil to green fuels at scale and at pace, they say.Their joint declaration calls for:• An end date for new building of fossil fuel-only vessels and a clear GHG Intensity Standard timeline to inspire investment confidence…

Norway's minority government and two opposition parties have agreed to allow seabed mineral exploration in the Arctic region, they said on Tuesday, in a key step towards full-scale ocean mining.The deal comes as Norway hopes to become the first country to make deep-sea mining happen on a commercial scale and secure critical minerals and jobs despite concerns over the environmental impact and international calls for a moratorium.The amended version of the government's proposal, which parliament will formally debate on Jan.

Norway’s Prime Minister Jonas Gahr Støre and US Special Presidential Envoy for Climate John Kerry are co-leading an international initiative to accelerate reduction of emissions from the shipping sector, and on December 1, during COP28, they chaired a new round of announcements under that initiative, the Green Shipping Challenge.Various countries and organizations proposed measures to reduce emissions from shipping. This year’s announcements include:• Amazon: Amazon and other…

Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Zeaborn Ship ManagementWilhelmsen Ship Management (Wilhelmsen) and MPC Capital have agreed to acquire 100% of the company Zeaborn Ship Management, which the acquiring companis position as the next milestone in the partnership between MPC Capital and Wilhelmsen and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management.Zeaborn manages a fleet of around 100 vessels…