Höegh Autoliners ASA has signed a new contract with a major East Asian car producer for the transport of cars, mainly electronic vehicles (EVs), from Asia to Europe. The contract is valid for shipments until the end of 2028.
Andreas Enger, CEO of Höegh Autoliners, comments:
“We are happy to be chosen as the preferred shipping partner for another world-leading car producer. We take pride in the trust given to us for bringing their prestigious brands to their end users in Europe in the upcoming years. 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. 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”.
This announcement is part of our effort to increase transparency through a practice of disclosing a monthly trading update and new contracts with mutual rate and volume commitments exceeding a total value of USD 100 million.
For further information, please contact:
Investor Relations
Media contact:
Camilla Knappskog, Head of Communications camilla.knappskog@hoegh.com
+47 926 66 156
About Höegh Autoliners:
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off) transportation services delivering cars, high and heavy and breakbulk cargoes across the world. The Company operates around 40 RoRo vessels in global trade systems and makes about 3 000 port calls each year. Our purpose is to develop innovative solutions for greener and more sustainable deep sea transportation. We are on a path to a zero emissions future and are working closely with customers and partners to achieve this. Höegh Autoliners has its head office in Oslo, Norway and employs around 390 people in its 16 offices worldwide and around 1 170 seafarers.
22 January 2024
We are pleased to announce that Dr. Mirjam Peters will take on a new role as Chief Customer Sustainability Officer in Höegh Autoliners from 1 May 2024. Mirjam will be part of the Executive leadership team and will be based in our office in Germany.
13 March 2025
Höegh Autoliners is introducing an updated Bunker Adjustment Factor (BAF) effective April 2025. This enhanced BAF ensures greater adaptability to future fuel requirements while maintaining transparency and predictability.
03 March 2025
In the summer of 2024, after the Paris Olympic Games, the sculling pioneer Kjetil Borch retired after a lifetime on the biggest international stage – with an impressive result list and medal tally to his name. Now an intern at Höegh Autoliners through Neste Steg (Next Step), an organization preparing former elite athletes and military personnel for what’s next after their active careers, he is exploring the wonders of another ocean trait very different from the world he’s learned to master after 21 years of rowing: The shipping sector.
28 February 2025
Shipping heavy equipment brings several unique logistical challenges. Items such as agricultural machinery or construction equipment are not only large and heavy but rarely break down into smaller components. This makes the loading, transportation, and unloading a lot more complex, introducing potential safety concerns and costly handling procedures. To add to the complexities, heavy equipment shipping overseas is most commonly required for projects, which are often tied to strict deadlines and timelines. Therefore, it usually needs to reach its final destination on time, while any delays could introduce significant costs too.
