Höegh Autoliners ASA has agreed an extension of an existing contract with a major Asian car producer for the transportation of cars in a key trade lane. The extended contract runs until December 2029 and reflects increased committed volumes and updated commercial terms in line with observed market rates. The new terms have been applicable since May 1, 2026 and represent USD 300m added revenue basis forecasted volume during the extension period.
Andreas Enger, CEO of Höegh Autoliners, commented:
“The extension of this contract highlights Höegh Autoliners’ continued effort in building contract backlog and support strategically important customers. The agreement establishes a strong long-term commitment from the customer, and we are pleased to further develop the partnership in the years to come. The agreement also includes the addition of Xiaomo port in southern China, further strengthening Höegh Autoliners’ service offering out of Asia”.