Höegh Autoliners (the Company, ticker code “HAUTO”) transported 1.1 million cbm of cargo on prorated basis. Transported cargo in the last three months (August - October) was 3.3 million cbm.
Average prorated gross freight rate in October 2024 was USD 101.8 per cbm (+0.3% compared to average gross rate in Q3 2024). Average prorated gross freight rate in the last three months was USD 102.0 per cbm.
Average prorated net freight rate in October 2024 was USD 88.8 per cbm (+2.4% compared to average net rate in Q3 2024). Average prorated net freight rate last three months was USD 87.2 per cbm.
HH/BB share of prorated volumes carried in October was 23%. Last three months the prorated HH/BB share was 25%.
Andreas Enger, CEO Höegh Autoliners, comments: “Fourth quarter has started well for Höegh Autoliners and rates achieved in October are close to record levels. We continue to increase the share of cargo coming from strategic customers with whom we have long-term contracts and in October 80% of the cargo was in this category. Höegh Borealis was delivered from the shipyard mid-October and is now on her maiden voyage from Asia to Europe. With two of the newbuilds now on water and two more to be delivered in January our lifting capacity will gradually increase in the months to come. High Heavy and Break Bulk share in October was 23%, somewhat lower than the 3 months average of 25%”.
