Norway’s roro Höegh Autoliners has signed a five-year contract with a major international car producer for transport of cars from US and Mexico to the Middle East.
The Oslo-based operator of around 40 roro vessels said the company has a long history in the US to the Middle East trade.
The operator didn’t disclose the price of the deal but made it clear that this announcement is part of the company’s effort to increase transparency through a practice of disclosing a monthly trading update and new contracts with mutual rate and volume commitments exceeding a total value of $100m.
Later this year, the roro operator will offer its customers the opportunity to transport their cargo on the first of Höegh’s Aurora class newbuilds.
The chief of Höegh Autoliners, Andreas Enger, said that 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.”
“Serving our strategic customers and allocating capacity to them in our systems both ex. Atlantic and ex. Asia is our top priority,” noted chief executive Enger, adding: “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.”
