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Wednesday, April 24, 2024
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Wallenius News

09 Apr 2024

Wallenius Wilhelmsen Scoops New Contract Valued Over $1B

(Credit: Wallenius Wilhelmsen)

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.

03 Apr 2024

Wallenius Wilhelmsen Sees Up to $10 Million Hit from Baltimore Disaster

Š BjÜrn Wylezich / Adobe Stock

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…

27 Feb 2024

Wallenius Wilhelmsen Orders Four More Dual-Fuel Carrier Vessels

(Credit: Wallenius Wilhelmsen)

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…

21 Feb 2024

ARC Keeps the Cargo Rolling

Flags on M/V ARC Defender.
Image courtesy ARC

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…

30 Jan 2024

Wallenius Wilhelmsen Bags $1.2B in New Deals

(Credit: Wallenius Wilhelmsen)

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…

22 Jan 2024

Wallenius Wilhelmsen Signs Korean Customer and Acquires Two RoRo Ships

(Credit: Wallenius Wilhelmsen)

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…

10 Jan 2024

Wallenius Wilhelmsen Re-Routes Vessels Away from Red Sea

Source: Wallenius Wilhelmsen

“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.

11 Dec 2023

Nations and Industry Partners Respond to Green Shipping Challenge

Source: Yara

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…

04 Dec 2023

Shipping CEOs Call for End to Fossil-Only Newbuilds

Source: CMA CGM

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…

08 Nov 2023

3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen's RoRo Vessel

CAPTION Pelagus 3D delivered a Return Oil Standpipe at Kobe, Japan, to be installed on vessel TYSLA - Credit: Pelagus

Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally, the procurement, fabrication, and delivery of specific spare parts has been a time-consuming process, often leading to costly downtime for the maritime and offshore industries. However, with the advent of Additive Manufacturing (AM), also known as 3D Printing…

07 Nov 2023

Wallenius Wilhelmsen Orders MAN Engines for Dual-Fuel Car Carriers

Source: MAN

RoRo shipping company Wallenius Wilhelmsen has ordered 4 × MAN B&W 7S60ME-C10.5-LGIM (Liquid Gas Injection Methanol) dual-fuel engines capable of running on green methanol in connection with the construction of four pure car/truck carriers (PCTCs).The 9,300 CEU (Car Equivalent Unit) vessels will be built in China at the Jinling Shipyard (Jiangsu) and are scheduled for delivery from mid-2026 on. The order contains options for a further eight such vessels.Xavier Leroi, EVP & COO Shipping Services…

07 Nov 2023

Wallenius Wilhelmsen Bunkers First HSFO-Biofuel in Korea

(Photo: Wallenius Wilhelmsen)

The world's largest RoRo shipping company Wallenius Wilhelmsen reports its vessel Torrens is the first to bunker B30 HSFO-biofuel in South Korea. The bunkering took place during a call at Masan Port as part of the vessel's regular sailing schedule.A drop-in fuel that can be used in existing engines without any modification or tank cleaning, HSFO biofuel is a HSFO blended with UCOME (bio feedstock). The number of suppliers worldwide offering this particular fuel is currently very limited…

15 Aug 2023

Wallenius Wilhelmsen to Order Four Methanol-Ready Vessels

Credit: Wallenius Wilhelmsen

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a letter of intent for the delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight vessels. The four vessels will be delivered from mid-2026 and onwards by Jinling Shipyard (Jiangsu). “We are securing our position as our customers' first choice in shipping and delivering on our strategy to provide a net-zero emission free end-to-end service by 2027,” says Xavier Leroi, EVP & COO Shipping Services Wallenius Wilhelmsen.

20 Jun 2023

Wallenius Wilhelmsen Enters Biofuel Supply Deal

Source: Wallenius Wilhelmsen

Wallenius Wilhelmsen has signed its first biofuel supply contract with ExxonMobil.The recently signed contract entails the delivery of sustainable biofuel within the second half of this year, aligning with Wallenius Wilhelmsen's strategic goal of achieving a net-zero emissions integrated supply chain service by 2027.The first biofuel delivery is scheduled for July. “The biofuel from ExxonMobil contains 30% biofuel and 70% conventional fuels. It is the best option we have available for decarbonization of the fleet today…

06 Jun 2023

Nor-Shipping 2023 Awards Focus on Wind Developments

Source: Kongsberg

The winners of Nor-Shipping 2023's top awards are Swedish/Danish tanker operator Terntank, wind power pioneer AlfaWall Oceanbird and Bound4Blue Co-founder and COO Cristina Aleixendri Munoz.Expert judging panels described the competition for the accolades as “fiercer than ever”, reflecting on the “dynamic, ambitious and innovative state of an industry in transition.”Terntank secured the coveted Next Generation Ship Award for its Hybrid Tanker 15,000dwt newbuildings, currently under construction at CMHI Jinling Shipyard in Yangzhou, China.

07 Mar 2023

Debunking Four Myths that Stand in the Way of Wind-powered Cargo Ships

(Image: Oceanbird)

Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European Space Agency’s Ariane 6 rocket this year.I researched the decarbonisation of the shipping industry.

02 Mar 2023

WALLENIUS SOL Names Karle COO

Henrik Karle (Photo: WALLENIUS SOL)

Swedish RoRo shipping company WALLENIUS SOL announced it has appointed Henrik Karle as chief operating officer (COO).with more than 20 years of experience and an extensive track record from the shipping industry, Karle has from 1 March 2023 taken a position on the WALLENIUS SOL management team. He comes from a role as technical manager at the marine insurance company The Swedish Club, and before that he held the position as managing director at AdMare Ship Management. He has also spent a large part of his career at sea.“Henrik is a welcome addition to our organization…

16 Jan 2023

Wind-powered RoRo Vessel Secures €9 Million in EU Funding

(Image: Wallenius Wilhelmsen)

A group of partners led by Norwegian shipping company Wallenius Wilhelmsen has secured €9 million in EU funding to support the construction of an environmentally friendly wind-powered pure car and truck carrier vessel.The partners, who are currently working to plan and execute all aspects of building and operating the RoRo sailing vessel Orcelle Wind, aim to have the first-of-its-kind vessel ready for commercial trading within the next five years.The commercial maritime industry is exploring the use of wind power as both a main and auxiliary propulsion source as vessel owners…

09 Nov 2022

Keel Laid for Wallenius Marine’s First 6,500 CEU PCTC

(Photo: Wallenius Marine)

On November 1, the Longkou Shipyard in Shandong, China held a keel laying ceremony for the first of Wallenius Marine's new Sleipner car carrier vessels.In the summer of 2021, Wallenius Marine and Volkswagen signed a contract for two multi-fuel vessels with the ability to carry 6,500 cars each. After delivery, the vessels will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG and transport new vehicles of the Volkswagen Group for at least 10 years, with ship management from Wallenius Marine.The Sleipner ship design was created by Knud E.

20 Oct 2022

Third Multi-fuel Car Carrier Delivered to UECC

The Auto Aspire is the last in a series of three newbuild multi-fuel LNG battery hybrid PCTCs delivered from China’s Jiangnan Shipyard. (Photo: UECC)

Norwegian shipping line UECC announced it has taken delivery of its third and final newbuild multi-fuel liquefied natural gas (LNG) battery hybrid pure car and truck carrier (PCTC) as the company works toward meeting new requirements for low-emission ship operations with the green transformation of its fleet.The latest newbuild, to be named Auto Aspire, was delivered on October 20 at China’s Jiangnan Shipyard and will soon join sister vessels Auto Advance and Auto Achieve plying…

07 Sep 2022

ABB and Wallenius Marine Launch Digital Fleet Support Center

(Image: ABB)

ABB and shipping company Wallenius Marine today introduced OVERSEA, a digital fleet support center available as a service that aims to help shipowners, operators and managers enhance the efficiency and sustainability of vessel operations.Engineered to enable measurable performance improvements for vessels, leading to decreased fuel consumption and reduced emissions, OVERSEA helps address such aspects of vessel performance as hull and machinery, speed and route planning, as well as emissions and carbon intensity reporting.

08 Aug 2022

Marine Insurance: Climate Change Challenges for the Shipping Industry

Copyright Michele Ursi/AdobeStock

With 90% of global trade moved by sea, shipping is a major contributor to climate change. The International Maritime Organization (IMO) estimated that the industry’s greenhouse gas emissions grew by 10% between 2012 and 2018, while the industry’s share of global anthropogenic CO2 emissions grew slightly to almost 3%, about the same volume as Germany. It also forecasts that ‘business as usual’ could see emissions increase by up to 50% by 2050 due to the growth in shipping trade.The race to decarbonize shipping is now underway.

29 Jul 2022

Marine Insurance: Climate Change Challenges for the Shipping Industry

Copyright Michele Ursi/AdobeStock

With 90% of global trade moved by sea, shipping is a major contributor to climate change. The International Maritime Organization (IMO) estimated that the industry’s greenhouse gas emissions grew by 10% between 2012 and 2018, while the industry’s share of global anthropogenic CO2 emissions grew slightly to almost 3%, about the same volume as Germany. It also forecasts that ‘business as usual’ could see emissions increase by up to 50% by 2050 due to the growth in shipping trade.The race to decarbonize shipping is now underway.