Höegh Autoliners ASA (the "Company", ticker code: "HAUTO") is pleased to
announce that it has decided to order additional six new dual-fuel LNG and
zero-carbon-ready Aurora class vessels for delivery in 2029-2031.
This decision will extend Höegh Autoliners' Aurora class newbuilding program to
a total of eighteen vessels, all of which will be built by China Merchants Heavy
Industry (Jiangsu) Co., Ltd. (CMHI). The company has received highly attractive
terms reflecting our strong relationship with the yard, scale benefits and
favorable economics of building repeat vessels.
The Company has further secured an option to build four additional vessels at
same terms, as well as slot reservations for another four vessels at the same
yard. The option vessels may be exercised within six months, while the four slot
reservations are held for the Company, with notice to be given on or before 31
December 2027. This decision allows Höegh Autoliners to accelerate its green
fleet renewal programme, with flexibility to extend the programme up to a total
of up to twenty-six Aurora vessels, including the twelve vessels already
delivered or on order.
The Aurora vessels will have DNV's ammonia and methanol ready notation, with the
main engine provided by Everllence and the bridge system supplied by Kongsberg
Maritime. With the capacity to carry up to 9,100 cars, the Aurora class is
reducing carbon emissions by up to 58% compared to conventional PCTCs. The
further expansion of our newbuild program is providing an opportunity to fully
anchor our green leadership position. The newbuilds retain future
ammonia-conversion flexibility.
Andreas Enger, CEO of Höegh Autoliners, said: "The Aurora class newbuilds have
demonstrated very strong earnings potential, carbon performance, cargo
flexibility and future-proof conversion capability. Through our newbuild
programme, we secure capacity costs at a competitive level, supporting
profitable operations even during potential periods of lower freight rates.
Further expanding our fleet strengthens our ability to capture growth in the
Asian market and meet evolving customer demand, while giving us greater
strategic flexibility, supporting long-term fleet renewal and positioning us to
capture commercial opportunities in the years ahead."
For further information, please contact:
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228
Espen Stubberud, CFO
espen.stubberud@hoegh.com
+47 400 39 753
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086
Media contact:
Camilla Knappskog, Director of Communications
camilla.knappskog@hoegh.com
+47 926 66 156
About Höegh Autoliners
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes more than 2 000 port calls each year. Our purpose is to
develop innovative solutions for greener and more sustainable deep sea
transportation. We are on a path to a zero emissions future and are working
closely with customers and partners to achieve this. Höegh Autoliners has its
head office in Oslo, Norway and employs around 460 people in its 16 offices
worldwide and around 1 600 seafarers.
About China Merchants Heavy Industry
China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) is a large backbone
enterprise wholly owned by China Merchants Industry Holdings Co., Ltd. (CMI).
Headquartered in Hong Kong, CMI has several production and manufacturing bases
in the Yangtze River economic zone, Guangdong-Hong Kong-Macao Great Bay Area,
Yangtze River Delta area, Bohai Bay, as well as subsidiaries and institutions
abroad in Italy, Netherland, Singapore, Finland, Poland. CMI's business mainly
focuses on five aspects including repairs & conversion, marine & offshore
equipment new building, specialized shipbuilding, cruise shipbuilding, new
materials and special equipment.
This information constitutes inside information pursuant to article 7 in the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This announcement was
published by My Linh Vu on 25 August 2026 at 16.30 CEST.
5-12 of the Norwegian Securities Trading Act. This announcement was\
published by My Linh Vu on 25 August 2026 at 16.30 CEST.\