Oslo, 27 February 2024: Höegh Autoliners ASA ("Höegh Autoliners" or the
"Company", ticker code HAUTO), through its subsidiary Höegh Autoliners Shipping
AS, has reached an agreement for the sale of the owned vessel Höegh Chiba (IMO
9303558) for a price of USD 61 million.
Höegh Chiba (6,000 CEU) was built at DSME shipyard in 2006. She is sailing under
the NIS flag and is expected to be debt-free at the time of delivery. The vessel
will be delivered to the new owner by August 2024.
The Company, through its subsidiary Höegh Autoliners Shipping AS, has also
declared an option to purchase the vessel Höegh Jeddah (IMO 9673381) from Ocean
Yield for a purchase price of USD 43.2 million. The average market value of the
vessel is USD 91 million (per 31 December 2023). Höegh Jeddah was built in 2014
with a capacity of 6,500 CEU. The transaction will be completed in September
2024, and the Company intends to finance the purchase price fully by mortgage
debt through its fleet credit facility.
"The transactions represent good opportunities for us to further optimize our
asset portfolio in preparation of the first Aurora delivery in August", says CEO
Andreas Enger.
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
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086
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.