Höegh Autoliners upgrades full-year guidance

Car carrier Höegh Autoliners, co-owned by Maersk, raises expectations for the whole year and orders four new ships able to sail on methanol.

Photo: PR/Höegh Autoliners

Norwegian car carrier Höegh Autoliners now expects an adjusted operating income (EBITDA) of USD 210m for the entire year 2021 against USD 195-200m as previously announced. For Q4 alone, the company raises its guidance to roughly USD 78m against USD 65-70m before.

In an announcement to the Euronext exchange in Oslo, the company states it has ordered four newbuild so-called Aurora-class ships from Chinese shipyard China Merchants Heavy Industries.

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