Maersk earns more than USD 50m on Höegh Autoliners upswing

The share price for car carrier Höegh Autoliners, which has Maersk as a major shareholder, has increased explosively this year, thereby sending significant profit to the Danish container carrier.

Photo: Höegh Autoliners

Höegh Autoliners, which has Maersk as the second largest shareholder, has seen such progress in the business of transporting cars across oceans that the share price of the Norwegian automobile carrier has almost exploded this year.

Since the turn of the year until July 20, the stock has soared by roughly 48% and has thereby increased the market value of the car carrier by NOK 2.1bn (USD 211m) to NOK 6.5bn, according to numbers from the Oslo Stock Exchange.

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