Höegh Autoliners ASA signs another 5-year contract with a major international car producer

27 Jun 2024 08:45 CEST

Oslo, 26 June 2024: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code “HAUTO”) has signed a 5-year contract with a major international car
producer for transport of cars from US and Mexico to the Middle East.

Andreas Enger, CEO of Höegh Autoliners, comments: “We are pleased to have
formalized the collaboration with one of our most important customers in the
form of a five-year contract for the transport of their cargo from US and Mexico
to the Middle East. Serving our strategic customers and allocating capacity to
them in our systems both ex. Atlantic and ex. Asia is our top priority. We have
a long history in the US to the Middle East trade and it gives us confidence
that customers see us as their trusted long-term carrier for their products in
this corridor. Höegh Autoliners is committed to providing our customers with
transportation that has reduced carbon intensity. We have successfully reduced
our carbon footprint by 40% since 2008. Later this year we will offer our
customers the opportunity to transport their cargo on the first of our Aurora
class newbuilds, which at the time of delivery will be the largest and most
carbon-efficient car carriers in the industry, with over 50% lower emissions
than a standard PCTC.”

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.

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

My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086

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.

More information:
Access the news on Oslo Bors NewsWeb site