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

06 Dec 2024 07:00 CET

Oslo, 6 December 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 significant volumes of cars in two
of the Company’s core trade lanes. Shipments under the contract will commence
January 1, 2025.

Andreas Enger CEO of Höegh Autoliners commented: “The signing of this long-term
contract for substantial volumes both ex. Asia and Ex. Atlantic, in two of our
core trade lanes, represents another important milestone in our efforts to build
a solid contract backlog and support strategically important customers. Value
and volume wise, this contract is the most significant the Company has signed in
2024, and it demonstrates the customers appreciation of our product and service
level. We have historically a long-term relationship with this customer and are
delighted that they now have chosen Höegh Autoliners as one of their core
suppliers for deep sea transport of their valuable products for the next 5
years”.

Following the signing of this contract, Höegh Autoliners have over the last two
years signed contracts with average annualised volumes of 10.8 million cbm with
an average duration of 4.3 years. The average rate for these contracts is more
than USD 90 per cbm and remaining average duration of these contracts is 3.5
years. Volumes secured under long-term contracts for 2025 are around 11.7
million cbm.

Höegh Autoliners are 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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