Höegh Autoliners ASA (HAUTO) - June 2024 Trading Update
July 08, 2024
In June 2024, Höegh Autoliners (the Company, ticker code "HAUTO") transported 1,1 million cbm of cargo on prorated basis. Transported cargo in the last three months (April - June) was 3.5 million cbm. Average prorated gross freight rate in June 2024 was USD 94.9 per cbm (-3.4% compared to average gross rate in Q1 2024). Average prorated gross freight rate in the last three months was USD 96.3 per cbm. Average prorated net freight rate in June 2024 was USD 83.1 per cbm (-0.5% compared to average net rate in Q1 2024). Average prorated net freight rate last three months was USD 83.2 per cbm. HH/BB share of prorated volumes carried in June was 25%. Last three months the prorated HH/BB share was 24%. Andreas Enger, CEO of Höegh Autoliners, comments: "June was another strong month for Höegh Autoliners with high net rates backed by strong customer support. The share of cargo transported for strategic customers with whom we have long-term contracts has during the year increased from around 70% to above 75%. The net freight rate is stable and at historically high levels. Available capacity (volumes) in June was somewhat reduced due to maintenance of vessels and more waiting times/delays than in the previous months. The HH/BB share is stable at 25%". 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 Investor Relations ir@hoegh.com 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.
Click here for more information
Attachments
- Original Link
- Permalink
Disclaimer
Hoegh Autoliners ASA published this content on 08 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2024 05:08:07 UTC.