In December 2023, Höegh Autoliners (the Company, ticker code "HAUTO")
transported 1.3 million CBM of cargo on prorated basis. Transported cargo in the
last three months (October - December) was 4.0 million CBM. 

Average prorated gross freight rate in December 2023 was USD 94.7 per cbm.
(+4.7% compared to average gross rate in Q3 2023). Average prorated gross
freight rate in the last three months was USD 95.6 per cbm. 

Average prorated net freight rate in December 2023 was USD 82.1 per cbm. (+4.6%
compared to average net rate in Q3 2023). Average prorated net freight rate last
three months was USD 83.4 per cbm. 

HH/BB share of prorated volumes carried in December was 26%. Last three months
the prorated HH/BB share was 25%. 

Andreas Enger, CEO comments "A successful year for Höegh Autoliners ended with
yet another strong month in terms of operational and financial performance. Both
net freight rate and gross freight rate are close to the record levels we
achieved in the two previous months. Volumes are stable at around 4 million cbm
per quarter. Some volume reduction in December following from longer voyages due
to the rerouting of sailings via Cape of Good Hope due to the situation in the
Red Sea. The HH/BB share increased somewhat in December and came in at 26%. The
negative financial effects of rerouting vessels via Cape of Good Hope will
persist into Q1 (reduced volumes from longer voyages and increased bunker
expenses). We are systematically working to offset this by cargo repricing and
possibly implementing extra charges." 

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.