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Höegh Autoliners ASA (HAUTO) – May 2024 Trading Update

In May 2024, Höegh Autoliners transported 1,2 million CBM of cargo on prorated basis. Transported cargo in the last three months (March – May) was 3.6 million CBM.

Average prorated gross freight rate in May 2024 was USD 97.2 per cbm. (-1.2% compared to average gross rate in Q1 2024). Average prorated gross freight rate in the last three months was USD 97.6 per cbm.

Average prorated net freight rate in May 2024 was USD 83.0 per cbm. (-0.6% compared to average net rate in Q1 2024). Average prorated net freight rate last three months was USD 83.6 per cbm.

HH/BB share of prorated volumes carried in May was 25%. Last three months the prorated HH/BB share was 23%.

Andreas Enger, CEO of Höegh Autoliners, comments: “I am pleased to report another month with stable and solid performance. Capacity is still the limiting factor, and we continue to serve and prioritize long-term strategic customers. The share of cargo transported under contract has increased to above 75%. Volumes increased somewhat from April and rates are stable at record high levels. High and heavy and Break-Bulk cargo accounted for 25% of shipments in May”.
Source: Höegh Autoliners

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