1Settimana·

Hoegh Autoliners share: Giant sets new standards

An ocean giant sets sail and could reshuffle the cards in global vehicle transportation. With the "Hoegh Aurora", Hoegh Autoliners is not only sending the world's largest car and truck transporter (PCTC) on its maiden voyage, but is also sending a strong signal for the future. What exactly is behind this impressive move and what strategic significance does it have for the shipping company?

Revolution at sea: the Aurora class in detail

The "Höegh Aurora" marks the start of a comprehensive fleet modernization at Hoegh Autoliners. It is the first of a total of twelve Aurora-class vessels currently being built in China. This massive expansion and modernization of the fleet is a clear signal in the maritime transport sector.

With an impressive capacity of up to 9,100 cargo equivalent units (CEU) spread over 14 decks - five of which are height-adjustable - the "Höegh Aurora" redefines efficiency. This design not only enables the transportation of a larger number of vehicles per trip, but is also specifically tailored to the growing market for electric vehicles, which can be safely transported on all decks.

Going green: Hoegh's answer to emissions pressure

But the new giants are more than just big. The Aurora-class ships designed by Deltamarin are considered to be the most environmentally friendly car carriers in the world. Equipped with multi-fuel engines from MAN Energy Solutions, they can run on both conventional marine diesel (MGO) and liquefied natural gas (LNG).

Crucially for the future strategy, the ships already have "Ammonia ready" and "Methanol ready" certifications from DNV. This means that Hoegh Autoliners is systematically preparing for the switch to carbon-free fuels as soon as they become more widely available. The company expects the new ships to significantly reduce carbon emissions, underlining its commitment to greater sustainability in RoRo shipping.

The delivery schedule for the Aurora class is tight: from the second half of 2025, two new ships will join the fleet every six months. In addition, Hoegh Autoliners holds options for four more units and reservations for an additional four vessels - a clear sign of a long-term vision and belief in its own competitive strength.

10 Commenti

Chris@Multibagger

1Settimana

Thank you very much, very interesting. What interests me is that the dividend yield is very high at over 30%. Was there a special distribution?

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risk_taker_1816@risk_taker_1816

1Settimana

@Multibagger For example, if they sell a ship, a special dividend is distributed.

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Enrique@Dividenden_Monteur

1Settimana

@Multibagger It's the same with all shipping shares.
If things go well, everything is distributed.
As with $FRO or the German $HLAG

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Chris@Multibagger

1Settimana

@Dividenden_Monteur Thanks for the clarification. I am not omniscient and have not yet invested in the shipping sector. You could also reinvest the proceeds from the sale of a ship as an investment in the expansion of the fleet instead of taking on new debt.
But since $HAUTO is planning to renew the fleet quite a lot, can we assume that there will be more special distributions like this in future?

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Dividendenopi👴@Dividendenopi

1Settimana

@Multibagger This was the case in March 2024, for example, and the comparable quarterly dividend for this year was only a quarter of that. GQ always uses the previous year's figures for the dividend yield estimate, so there can be significant corrections, as you can see very clearly this year, for example at $TRMD A. All shipping stocks are very volatile, you have to endure that. Hoegh has brought me a moderate price loss, but due to the dividends the total return is clearly in the double-digit plus range. An interesting alternative that also pays a decent dividend is $MPCC Bear in mind that both are Norwegian and you will have just over half of the dividend less in your account due to withholding tax

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Chris@Multibagger

1Settimana

@Dividendenopi very important information, especially about the dividend. As a trader, I was not aware of this.

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Smudo@Smudeo

1Settimana

@Multibagger but you can get a refund in Germany:
https://getqu.in/FOTo6W/
@Dividendenopi when will part 2 follow?

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Dividendenopi👴@Dividendenopi

1Settimana

@Smudeo my turn, the weather was too good and a lot to do in the garden 🙈🤷‍♂️😉

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Gomerdoc@Gomerdoc

@Dividendenopi That's right. The withholding tax can be refunded, but $HAUTO still pays a significant dividend, which is really nice. And the company does not have any relevant debt, but can actually afford this dividend from its operations.
And compared to $MPCC, the long-term share price trend is clearly in Höegh Autoliners' favor.
The transport sector is always somewhat volatile, but with increasing global trade and the need to transport vehicles from Arnach B, it is a solid investment overall.
Incidentally, these ships can be used to transport not only cars, but also other machines, machine parts, combine harvesters and the like.

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M_T1401@M_T1

@Dividendenopi Your contributions are always very, very informative

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