Oslo-listed Höegh Autoliners provider of RoRo transportation services announced on Monday it had declared the option to construct additional four new multi-fuel and net zero carbon ready Aurora class vessels.

Oslo-listed provider is lifting its orderbook, under the newbuilding program, to twelve vessels, all of which will be built by China Merchants Heavy Industry (Jiangsu).

Höegh Autoliners will have the option to convert one or more of these vessels to ammonia propulsion as soon as the technology is available.

The first of the twelve vessels are scheduled to be delivered in July 2024, and the company has an option to build another four vessels (vessels 13-16), as well as slot reservations for additional four vessels (vessels 17-20).

The company will finance the newbuilds by a combination of equity (cash) from operation and debt. The Aurora-class vessels have attracted significant interest from credit providers,

The company said that it is exploring various financing alternatives and anticipates having committed financing in place before year end.

Höegh Autoliners also revealed that “the Aurora-class vessels have attracted significant interest from credit providers,” as it was characteristically mentioned by the company.