Hoegh Autoliners signs 5-year contract with a major international car producer
Oslo: Höegh Autoliners ASA has signed a 5-year contract with a major international car producer for the transport of cars from the US to the Middle East.
Andreas Enger CEO of Höegh Autoliners commented: "We are happy to partner with this major international car producer for transportation of their cargo in one of our core trade lanes. 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 are dedicated to providing our customers with transportation that has reduced carbon intensity. We have successfully reduced our carbon footprint by 40% since 2008. Next year, we will offer our customers the opportunity to transport their cargo on the first of our Aurora class newbuilds, which will be the largest and most carbon-efficient car carriers in the industry."
This announcement is a part of our effort to increase transparency through a practice of disclosing a monthly trading update and new contracts with mutual rate and volume commitments exceeding a total value of USD 100 million.