Höegh Autoliners ASA (HAUTO) - November 2022 Trading Update

07 Dec 2022 07:00 CET

In November 2022 Höegh Autoliners (the Company, ticker code “HAUTO”) transported
1.4 million cbm of cargo on prorated basis. Transported cargo the last three
months (Sep-Nov) was 4.1 million cbm.

Average prorated gross freight rate in November 2022 was USD 87.9 per cbm.
(+8.9% compared to average gross rate in Q3 2022). Average prorated gross
freight rate last three months was USD 87.9 per cbm.

Average prorated net freight rate in November 2022 was USD 69.9 per cbm. (+11.8%
compared to average net rate in Q3 2022). Average prorated net freight rate last
three months was USD 69.6 per cbm.

HH/BB share of prorated volumes carried in November 2022 was 25%. Last three
months the prorated HH/BB share was 29%.

Andreas Enger, CEO comments: In November we saw high volumes in all trade lanes
and all sailings were full. Despite more car volumes on account of High and
Heavy/Break Bulk we were able to maintain rates at record levels and the rolling
3 months average net rate increased with USD 2.9 per cbm to USD 69.6 per cbm.
For further information, please contact:

Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228

Per Øivind Rosmo, CFO
per.oivind.rosmo@hoegh.com
+47 400 39 938

Investor Relations
ir@hoegh.com

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 375 people in its 16 offices worldwide and
around 1 250 seafarers.

More information:
Access the news on Oslo Bors NewsWeb site

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