Höegh Autoliners ASA Posts Increased Trading Activity

In August 2023, Höegh Autoliners transported 1.3 million CBM of cargo on prorated basis. Transported cargo in the last three months (June-August) was 4.0 million CBM.

Average prorated gross freight rate in August 2023 was USD 88.7 per cbm. (+1.5% compared to average gross rate in Q2 2023). Average prorated gross freight rate in the last three months was USD 87.6 per cbm.

Average prorated net freight rate in August 2023 was USD 78.2 per cbm. (+4.3% compared to average net rate in Q2 2023). Average prorated net freight rate last three months was USD 76.5 per cbm.

HH/BB share of prorated volumes carried in August was 26%. Last three months the prorated HH/BB share was 25%.

Andreas Enger, CEO comments: “August was another good month for Höegh Autoliners. The general market for our transportation services is strong and we continue to fill our vessels with a good mix of contract cargo and spot cargo, both for the car segment and the HH/BB segment. The net freight rate for the month increased somewhat from July while the gross rate was unchanged. Somewhat
lower prorated volumes in August caused by trade mix and congestion in certain ports and the Panama Canal”
Source: Höegh Autoliners