In January 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 (November - January) was 3.7 million CBM.  

Average prorated gross freight rate in January 2024 was USD 98.7 per cbm. (+3.2%
compared to average gross rate in Q4 2023). Average prorated gross freight rate
in the last three months was USD 96.2 per cbm.  

Average prorated net freight rate in January 2024 was USD 85.4 per cbm. (+2.3%
compared to average net rate in Q4 2023). Average prorated net freight rate last
three months was USD 83.6 per cbm.  

HH/BB share of prorated volumes carried in January was 28%. Last three months
the prorated HH/BB share was 26%.  

Andreas Enger, CEO comments "Following from the normal seasonal slowdown in the
beginning of the year, reduced capacity due to sale of one vessel and the
situation in the Red Sea, we transported less volumes in January than in the
previous months. The decision not to transit Red Sea led to short term
disturbances in scheduling of vessels. In addition, as long as the situation
persist, longer voyages are reducing the available capacity. The underlying
market is still strong, and we achieved the highest net rate and gross rate on
record in January, USD 85.4 per cbm and USD 98.7 per cbm respectively. 70% of
the volume transported was under contract and the higher average freight rate
reflects the contract renewals we did last year. HH/BB share of cargo
transported increased to 28% due to the somewhat slower car export in the early
weeks of the new year." 

 

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.