Category: Business News
U.S.-flag ro-ro carrier ARC has been awarded a major contract to provide global relocation services for the Department of Defense and U.S. Coast Guard.
The Global Household Goods Contract, valued at over $7 billion, was awarded to ARC this week by the U.S. Transportation Command. ARC is a subsidiary of Oslo, Norway-based Wallenius Wilhelmsen.
After an introductory setting up period, the contract will start in early 2021 with volumes gradually building by the end of the year. From 2022, the contract is estimated to provide revenues of more than USD 2 billion per year, Wallenius Wilhelmsen said in a statement.
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Published: May 1, 2020