CEO Andreas Enger highlighted another strong quarter for Höegh Autoliners with adjusted EBITDA of $181 million and net income of $138 million.
He emphasized the record high rates of over $100 and dividends of $90 million for the fourth quarter, which would result in a total distribution of $841 million in 2024.
Enger referred to the accelerated delivery of three newbuilds and confirmed that the company is fully funded for its newbuilding program with only USD 11 million in equity installments remaining.
Geopolitical uncertainties, particularly in relation to Red Sea operations, remain a major concern.
Management is monitoring the situation closely but does not anticipate any immediate solutions.
Tariffs and potential changes in global trade policy could pose risks to the company.
Management noted a limited direct risk, but acknowledged that there will be a broader impact on global trade dynamics.
Fluctuations in fuel prices and operating costs could impact financial performance, although management highlighted ongoing efforts to improve fuel efficiency.
