Höegh Autoliners Secures 5-Year Contract with Major Car Producer

Höegh Autoliners has signed a 5-year contract with a major international car producer to transport cars from the U.S. to the Middle East.

The company did not disclose the car producer or the value of the contract, but said it is the company’s practice to disclose to contracts valued at more than $100 million.

“We are happy to partner with this major international car producer for transportation of their cargo in one of our core trade lanes,” said CEO Andreas Enger. “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 reducing carbon intensity for customers and has successfully reduced its carbon footprint by 40% since 2008. Next year, the company is set to introduce its first Aurora class newbuilds, which will be the largest and most carbon-efficient car carriers in the industry.

The Aurora-class will have capacity for 9,100 cars and will come equipped with ammonia and methanol-ready engines, a first in pure car and truck carrier (PCTC) segment. The company has twelve of the vessels on order at China Merchants Heavy Industry (Jiangsu) Co.

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