Wallenius Lines adds to its fleet with acquisition from Höegh Autoliners the car carrier Höegh Chiba. The vessel will be renamed Auto Way and will be under management by Wallenius Marine.

The investor and owner Wallenius Lines, a company fully owned by Rederi AB Soya and part of the Soya Group, has revealed in a short statement that the purchase is in line with the “strategy of being actively engaged in this shipping segment through innovation, design, building, management of and investment in both used and new tonnage, offering direct support to our partner companies.”

Meanwhile, the company said that a charter agreement has already been fixed, whilst the vessel’s delivery will take place in Asia at the end of August.

Höegh Autoliners has revealed that through its subsidiary Höegh Autoliners Shipping AS reached an agreement for the sale of the owned vessel Höegh Chiba for a price of $61m.

The company didn’t disclose the name of the buyer. However, it said that Höegh Chiba (6,000 ceu) was built at DSME shipyard in 2006.

In accordance with the company, “she is sailing under the NIS flag and is expected to be debt-free at the time of delivery.”

The vessel will be delivered to the new owner by August 2024.

Source: Wallenius Lines and Höegh Autoliners