Höegh Autoliners promoted to the Oslo Stock Exchange’s main market

DATE 02.05.2022

In 2021, Höegh Autoliners reached several significant milestones. The company launched its zero carbon ready Aurora class vessel design and green fleet renewal program as well as completing its first carbon neutral voyage. Additionally, it executed the sale of its logistics assets, refinanced its existing debts, and was admitted to trading on Euronext Growth Oslo.

“Our commitment to the maritime industry started almost a century ago, so this is a proud moment for Höegh Autoliners and an important milestone in the history of the company. Joining the main market of the Oslo Stock Exchange emphasises our strong position and robust business model,” says Leif O. Høegh, Höegh Autoliners Chair.

Listing on Oslo Stock Exchange will expand Höegh Autoliners’ exposure to a wider range of investors which could further enhance liquidity of the stock. With the uplisting Höegh Autoliners seeks to create long-term shareholder value and position the company for future growth.

“This marks an important step in our long-term commitment to be the leader in zero emissions shipping and supporting the decarbonisation of our customers’ supply chain. I would like to thank our people, customers, investors, and partners for contributing to our success. I am impressed with the many achievements we have reached in a short amount of time, which speaks volumes of the company’s people and the effort they have put in to making it all possible,” says CEO of Höegh Autoliners, Andreas Enger.

Höegh Autoliners recently announced that it signed a contract to build an additional four new multi-fuel and zero carbon ready Aurora class vessels, extending its Aurora class newbuilding program to eight vessels, all of which will be built by China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) with MAN providing the main engine and the bridge system supplied by Kongsberg.

The Aurora class will also have DNV’s “ammonia ready” and “methanol ready” notations and be the first vessels in the segment to be ready for operation on carbon neutral ammonia. The vessels can transport up to 9,100 cars making it the world’s largest and most environmentally friendly car carrier ever built.

“We don’t just talk about sustainability and becoming green. We act. Together with our customers and trusted partners, we are constantly taking significant strides to making the maritime industry more sustainable and meeting our net zero emissions target by 2040,” concludes Andreas Enger.

For more information:
Andreas Enger, CEO
+47 901 31 228 

Media contact:
Jakob Stig Dyvik, Head of Communications
+47 919 28 321 

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 newbuilding, specialized shipbuilding, cruise shipbuilding, new materials and special equipment. 

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 about 3 000 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 375 people in its 16 offices worldwide and around 1 250 seafarers. 

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