OSLO, NORWAY: Höegh Autoliners ASA has entered into a contract with China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for four fixed and eight optional multi-fuel and zero-carbon ready Aurora class vessels.

Under the terms of the contract, the first two vessels will be delivered in the second half of 2024 and the next two vessels in the first half of 2025. In addition, Höegh Autoliners has options for another four plus four Aurora class vessels.

The Aurora class will have DNV’s ammonia and methanol ready notation. The new vessels will be the first in the PCTC segment able to operate on zero-carbon ammonia. Together with the capacity to carry up to 9,100 cars, the Aurora class will be the world’s largest and most environmentally friendly car carrier.

The strong market has continued throughout Q4, and the Company currently expects the adjusted EBITDA to be approximately USD 78 million for Q4 (previous guidance USD 65-70 million) and approximately USD 210 million for the full year 2021 (previous guidance USD 195-200 million). The full Q4 results and trading performance will be published and presented on 10 February 2022.

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 about 3,000 port calls each year.