Höegh Autoliners ASA (HAUTO) – September 2024 Trading Update

08 Oct 2024 07:00 CEST

In September 2024, Höegh Autoliners (the Company, ticker code “HAUTO”)
transported 1,1 million cbm of cargo on prorated basis. Transported cargo in the
last three months (July - September) was 3.4 million cbm.

Average prorated gross freight rate in September 2024 was USD 100.5 per cbm
(+4.4% compared to average gross rate in Q2 2024). Average prorated gross
freight rate in the last three months was USD 101.5 per cbm.

Average prorated net freight rate in September 2024 was USD 83.8 per cbm (+0.7%
compared to average net rate in Q2 2024). Average prorated net freight rate last
three months was USD 86.7 per cbm.

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

Andreas Enger, CEO Höegh Autoliners, comments: “We continue to see strong
customer support and for the 3rd consecutive month, we archived a gross freight
rate of above USD 100 per cbm. in September. Approximately 75% of cargo
transported was under long-term contracts with strategic customers. Volumes
transported in September were lower than the recent run rate mainly due to
periodical maintenance (off-hire) of three vessels. We expect to continue to see
volatility in the monthly volumes and rates depending on factors such as trade
and cargo mix, vessels position and vessel maintenance schedules. High Heavy and
Break-Bulk share was 25%, in line with the average for the quarter.



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 390 people in its 16 offices worldwide and
around 1 170 seafarers.

More information:
Access the news on Oslo Bors NewsWeb site

629182_2024 09 Data table.pdf