SCANDINAVIA’S top long-haul PCTC/ro-ro operators have each announced major new contracts with Asian customers, as they spruik their environmental credentials.

Wallenius Wilhelmsen recently signed a significant multi-year shipping contract with Korea’s leading construction machinery company. The new agreement, which has a duration of three years, plus a two-year extension option, is valued at approximately US$290 million based on expected volumes over the three-year period. The contract commenced in this month, with rates in line with current market levels, the company said.

“This multi-year contract further strengthens our partnership with one of our key customers in the high and heavy segment, extending predictability for both the customer and Wallenius Wilhelmsen,” chief customer officer Pia Synnerman said.

The contract includes Wallenius Wilhelmsen’s Reduced Carbon Freight Service, whereby customers can typically reduce their Scope 3 CO2/GHG supply chain emissions by approximately 20-25% through the use of B30 Biofuel.

“We are witnessing a transformation in customers’ sense of urgency regarding the need to decarbonise their supply chains. Customers are partnering up with us and are increasingly committed to securing more sustainable solutions, such as biofuel,” Ms Synnerman said.

Meanwhile, last week Höegh Autoliners ASA announced the signing of a new contract with an unidentified major East Asian car producer for the transport of cars, mainly EVs, from Asia to Europe. The contract is valid for shipments until the end of 2028.

Höegh Autoliners CEO Andreas Enger said the company was happy to be chosen as the preferred shipping partner “for another world-leading car producer”.

“The trade from East Asia to Europe is one of our core trades where we are offering our customers quality transport with high frequency and competitive transit times.

“Höegh Autoliners have taken a leading role in the deep-sea car transportation industry in terms of reducing our own, and our customers’ carbon footprint,” Mr Enger said

“From the second half of this year, we will provide our customers with the opportunity to transport their cargo on our flagship Aurora-class newbuilds, being the largest and most carbon-efficient car carriers in the industry. This offering embodies our commitment to delivering unparalleled service while at the same time being a frontrunner for sustainable shipping.”

Both carriers are now avoiding Suez Canal/Red sea transits and sailing around the Cape of Good Hope.