Höegh Autoliners ASA
HAUTO.OL
Oslo Stock Exchange151.20
NOK
+3.40
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Höegh Autoliners ASA
HAUTO.OL
(Oslo Stock Exchange)
Recent
price
151.20
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Höegh Autoliners ASA is a Norway-based global provider of ocean transportation services specializing in the Roll-on Roll-off (RoRo) segment. The company offers deep-sea transportation using a fleet of approximately 38-40 Pure Car and Truck Carrier (PCTC) vessels designed for the safe and secure shipment of RoRo cargo. Its core products and services include the carriage of automobiles, trucks, buses, trailers, railcars, agricultural machinery, construction and mining equipment, power equipment, breakbulk cargo, and other rolling and static cargo. Höegh Autoliners operates two main business segments: Shipping services, focused on shipping operations, and Logistics services, targeting project cargo and equipment handling. The company serves global markets with a significant presence on deep-sea trade routes and short-sea markets, providing customer-specific transportation solutions worldwide. Founded in 1927, it is headquartered in Oslo, Norway. Recent major developments for Höegh Autoliners include the delivery and commencement of operations of the first vessels from its Aurora class in the second quarter of 2024. These next-generation vessels feature environmentally friendly technology, including engines primed to run on liquefied natural gas (LNG) with future conversion capability to ammonia fuel, solar panels, and electric shore power compatibility, reducing emissions by up to 58%. The company has also engaged in strategic partnerships, such as with North Ammonia for the supply of green ammonia, reinforcing its sustainability commitments. In 2024, Höegh Autoliners signed its largest shipping contract to date, a five-year agreement with a major international automotive manufacturer for vehicle transportation from Asia and the Atlantic regions starting in 2025, further solidifying its market position and contract backlog. Additionally, the company completed asset portfolio optimization with the sale of the Höegh Chiba vessel and the purchase of the Höegh Jeddah. Operationally, it continues expanding its fleet and improving fuel efficiency with engine part-load optimization projects to reduce fuel consumption and comply with regulatory environmental standards. Höegh Autoliners converted to a public limited liability company in 2021 and is listed on the Oslo Stock Exchange. The company and its subsidiaries continue to innovate shipping solutions and expand strategic partnerships across the global RoRo transportation market.