In May 2023, Höegh Autoliners (the Company, ticker code "HAUTO") transported 1.4
million CBM of cargo on prorated basis. Transported cargo in the last three
months (Mar-May) was 4.1 million CBM. 

Average prorated gross freight rate in May 2023 was USD 88.3 per cbm. (+0.5%
compared to average gross rate in Q1 2023). Average prorated gross freight rate
the last three months was USD 90.8 per cbm. 

Average prorated net freight rate in May 2023 was USD 76.3 per cbm. (+2.5%
compared to average net rate in Q1 2023). Average prorated net freight rate last
three months was USD 77.0 per cbm. 

HH/BB share of prorated volumes carried in May was 24%. Last three months the
prorated HH/BB share was 25%. 

Andreas Enger, CEO comments: "The positive trend for rates and volumes continued
in May and the average rolling three moths rate reached a new peak level both
for net rate and gross rate. The increase in rates through 2023 is coming from a
combination of contract renewals and a continuous strong spot market. The demand
for our transportation services is high, all vessels are full on all sailings,
and we transported 1,4 million CBM for our customers in May". 

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.