Norwegian car carrier operator Höegh Autoliners (“Höegh Autoliners” or the “Company”, ticker code “HAUTO”), has secured two long-term contracts with two major international car producers for the transport of cars in our key trade lanes.
One contract lasts until April 2029, while the other has a duration of 2 years with another 2-year option. Both contracts are signed at rates and terms reflecting the current market level. Shipments under the new contracts commence in January and May 2025.
Andreas Enger, CEO of Höegh Autoliners, comments: “We are pleased to be chosen again as the preferred shipping partner for these two world-leading car producers, with whom we have a long-standing relationship. These contracts represent another important milestone in our ongoing efforts to build a solid contract backlog and support strategically important customers.
Höegh Autoliners has taken a leading role in the deep-sea car transportation industry in terms of reducing our own, and our customers’ carbon footprint. With four Aurora class vessels in full operation, and eight more to enter the fleet over the next 2-3 years, we are confident in offering our customers one of the most sustainable and environmentally friendly transport solutions in the industry.”