Höegh Autoliners renews multiyear contracts with major international car producer

15 Nov 2024 07:00 CET

Oslo 15 November 2024: Höegh Autoliners ASA ("Höegh Autoliners" or the
"Company", ticker code “HAUTO”) 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.

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.

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