Höegh Autoliners ASA has renewed several long-term contracts with a major international car producer for transport of cars in various trade lanes.
The remaining duration of the contracts is 3-years, and we have already started to ship cargo under some of the contracts.
Andreas Enger CEO of Höegh Autoliners commented: “The renewal of these contracts, with substantial cargo volumes in several of our core trade lines, represents another milestone in our efforts to build a solid contract backlog.
We have successfully served this customer for many years and are delighted that they again have chosen Höegh Autoliners as their preferred carrier for another contract period. The customer aligns with our decarbonization goals, and we have strategic discussions with them on collaborating to reduce the carbon footprint associated with transporting their products. Höegh Autoliners is on a clear path to reduce carbon footprint from transport of cars and rolling equipment between continents. With two of the Aurora class vessels now in operation and ten more to enter the fleet the next 2-3 years we can offer our customers one of the most sustainable and environmentally friendly transport solution in the industry.
This announcement is a 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”.