2Settimana·

The fifth Aurora-class multi-fuel PCTC from Höegh Autoliners sets sail

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The fifth Aurora-class multi-fuel vessel from Norwegian shipping company Höegh Autoliners $HAUTO (-1,37%) has left the shipyard of China Merchants Heavy Industry and is ready to enter commercial service.


It has been announced that the 9,100 CEU Höegh Sunrise is on its way to Shanghai, where it will be bunkered before sailing to Japan and eventually Europe.


Described as the "largest and most environmentally friendly car carrier class currently sailing the world's oceans", Höegh Autoliners' twelve Aurora class units are equipped with multi-fuel engines that can run on marine gas oil (MGO) and liquefied natural gas (LNG). A transition to carbon-free fuels is possible with appropriate ship modifications.


The Auroras are set to be the first in the PCTC segment to be classified as ammonia and methanol compatible by the classification society DNV.


As part of Höegh Autoliners' goal to be a zero-emission operator by 2040, the PCTCs are expected to be able to reduce carbon emissions per car transported by 58% compared to the current industry standard.


The company emphasized that the vessels can be connected to the electricity grid on land, which means that all auxiliary engines can be switched off and cargo operations can be carried out with zero emissions while in port.


As a reminder, the first two Aurora-class vessels, Höegh Aurora and Höegh Borealis, were delivered in August and October 2024, while the third and fourth units, Höegh Australis and Höegh Sunlight, joined the fleet in January 2025.


The shipping company expects all Auroras to be delivered and commissioned in the first half of 2027.


It is worth noting that just days after the delivery of its fourth Aurora-class multi-fuel PCTC, Höegh Autoliners signed two long-term contracts with two unnamed "major international car manufacturers" for the transportation of cars in the company's main trade lanes.


One contract reportedly runs until April 2029, while the other is for two years with a further two-year option. According to the company, both contracts were concluded at prices and conditions in line with current market levels.

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11 Commenti

immagine del profilo
2Settimana
Very good, you are now also invested in Höegh, so I am now reading more about the share here. Not just my posts about Autoliner. Good luck to us.
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immagine del profilo
@Smudeo You are not alone 🤗
2
2Settimana
Just abandoned the position. Withholding tax is annoying
1
immagine del profilo
2Settimana
@Helleone ok, you haven't understood the whole thing with withholding tax and other things yet, congratulations 🤝 ...but the main thing is to add your pointless mustard in several posts 🤝😂
2
2Settimana
@SAUgut77 what am I on about, have I done something to you?
1. i already paid (and understood) withholding tax when you didn't buy any shares yet
2. have I just made a post about withholding tax for the first time
immagine del profilo
2Settimana
@Helleone since you have already made such a completely nonsensical comment in one of my posts and immediately followed it up with a sensibly nonsensical one, may I ask 🤷‍♂️

And your portfolio has been here since the end of 2024, so I have already bought shares and dealt with withholding tax.

Oh and you probably don't really understand the subject of refunds and the like, otherwise you wouldn't write so "sensibly" and by the way, even minus withholding tax you would still have a really good dividend 🤫🫡
1
2Settimana
@SAUgut77 I don't know that I made any pointless or stupid comments to you. Rather the opposite. Perhaps you've mistaken me.

I've been invested since 2022. Unfortunately, Diba pulled the wrong date.

I understood, but it's too stressful for me. Will probably switch to $JEGP like you. You also sold your realty income for this because of " partial exemption and withholding tax 😉" (see your comment from 2 weeks ago)
immagine del profilo
2Settimana
@Helleone phew just a bit speechless, but ok...besides, writing is just too stupid and pointless for me right now, sorry, but good luck to you.
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2Settimana
@SAUgut77 Success. Good luck to you too
immagine del profilo
1Settimana
@HelleoneIf the withholding tax is already a hurdle for you (out of apparent ignorance), then perhaps you should not be invested in the stock market in general.
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1Settimana
@Khlmysee I'll do it. Thanks for the tip 😂
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