In March 2024, Höegh Autoliners (the Company, ticker code "HAUTO") transported
1,2 million CBM of cargo on prorated basis. Transported cargo in the last three
months (January - March) was 3.3 million CBM.  

Average prorated gross freight rate in March 2024 was USD 98.7 per cbm. (+3.3%
compared to average gross rate in Q4 2023). Average prorated gross freight rate
in the last three months was USD 98.3 per cbm.  

Average prorated net freight rate in March 2024 was USD 84.4 per cbm. (+1.1%
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 March was 23%. Last three months the
prorated HH/BB share was 25%.  

Andreas Enger, CEO of Höegh Autoliners, comments: "Transported volumes increased
somewhat in March compared to January and February but is still negatively
impacted by the ongoing situation in the Red Sea leading to longer voyages and
less optimal trade and cargo mix. The average rates achieved in March are close
to peak both because of a continuous strong spot market and the stronger
contract portfolio. We must do strict prioritizing of cargo in this situation
and serving our core strategic customer have top priority. The tragic accident
outside the port of Baltimore, one of the major ports in the US for import and
export of cargo on the US East Coast is expected to have less impact on our
ability to serve our customers as we will divert the cargo to other ports in the
area. 

 

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.