Höegh Autoliners ASA (Höegh Autoliners, ticker code "HAUTO") has signed a 5-year contract with a major international car producer for transport of cars from US and Mexico to the Middle East.
Andreas Enger, CEO of Höegh Autoliners, comments: "We are pleased to have formalized the collaboration with one of our most important customers in the form of a five-year contract for the transport of their cargo from US and Mexico to the Middle East. 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 is committed to providing our customers with transportation that has reduced carbon intensity. We have successfully reduced our carbon footprint by 40% since 2008. Later this year we will offer our customers the opportunity to transport their cargo on the first of our Aurora class newbuilds, which at the time of delivery will be the largest and most carbon-efficient car carriers in the industry, with over 50% lower emissions than a standard PCTC."