Höegh Autoliners ASA (HAUTO) Announces November 2024 Trading Update
Source: www.gulfoilandgas.com 12/6/2024, Location: Europe
Höegh Autoliners (the Company, ticker code “HAUTO”) transported 1.2 million cbm of cargo on prorated basis. Transported cargo in the last three months (September - November) was 3.4 million cbm.
Average prorated gross freight rate in November 2024 was USD 102.7 per cbm (+1.2% compared to average gross rate in Q3 2024). Average prorated gross freight rate in the last three months was USD 101.7 per cbm.
Average prorated net freight rate in November 2024 was USD 87.5 per cbm (+1.0% compared to average net rate in Q3 2024). Average prorated net freight rate last three months was USD 86.7 per cbm.
HH/BB share of prorated volumes carried in November was 23%. Last three months the prorated HH/BB share was 24%.
Andreas Enger, CEO Höegh Autoliners, comments: “The activity level in November was high both for contracted cargo and spot cargo. We continue to optimize capacity in the various trade lanes and give priority to our strategic long-term customers. The gross freight rate was above USD 100 per cbm for the 5th consecutive month and was the second highest on record. Volumes transported increased somewhat as we now get the effect of having two of the newbuilds in operation. The High/Heavy and Break Bulk share in November was 23%”.
