$HAUTO (+1,02%)

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.

...remember exactly when I took this beautiful and motivating screenshot of my portfolio on May 31, 2024.

At that time, I had been investing in equities for exactly 12 months and, after the first 1-2 months of dreaming big about penny stocks 🫣 and after some training, I had defined my new personal strategy and goals, but more importantly, I had also consistently implemented them since then.

I then reached the first milestone I had set myself with a portfolio value of €10,000 on time in 08/2024 and also the second milestone, dividend >= €500, on time at the end of 2024.

Since then, my new chosen milestones 3 and 4 have been: portfolio value €20,000 by 08/2025 and dividends >= €1000 by 12/2025.

Since Friday, milestone 3 has even been reached almost 2 months earlier than planned...

...and milestone 4 is also in sight early on with ~€500 in dividends received so far and ~€1000 still to be expected and is probably only a matter of time 🤗

If the question now arises that these are only gross dividends, I would like to point out that of €136.35 in May dividends, €125.90 remained net and that's how it actually looks in relation to each dividend month.

I generally have very little withholding tax to pay and the two ETFs also have a 30% tax exemption, so the €1000 FSA becomes a little more net of gross in percentage terms. In addition, with $VICI (-1,88%) I currently only have one pure US share in my portfolio and the remaining US share is in the two ETFs.

Another target for dividends, i.e. milestone 6, is >= €2000 for 2026, so the FSA would also be fully utilized after the marriage and not a single cent would be given away 😉

Even if May turned out a little poorer...

...new additions:

$1211 (+0,27%)

$3750 (-1,67%)

Stocked up:

$HAUTO (+1,02%)

Liquidated:

$QYLE (-0,13%)

...everything is on target for the long term...

...even if we are only looking at a boring dividend and not a highflyer portfolio, it has been beating since the beginning (well 2 months of penny stocks deducted) for 2 years and I am quite satisfied with my performance since my strategy change 08/2023...

And so I will continue to stick to my current strategy and expand it within the scope of my possibilities.

The attentive reader will certainly have noticed that milestone 5 is still missing, but unlike 6, I won't set it until the end of the year and my target plan until then would be 25k+ and then we'll see...

...in the meantime, the last IHK exam (tax law) on the way to becoming a financial accountant is also coming up and who knows, maybe I can then increase my monthly savings rate of €550-700 a little more 🤷‍♂️

Anyway, until the next water level report, I wish us all a good hand on the path of at least 6 figures and stay true to your resolutions ✌🏻

Höegh Autoliners $HAUTO (+1,02%) transported 1.3

million cbm of freight on a pro rata basis. The cargo transported in the last three months

months (March - May) amounted to 3.9 million cbm.

The average pro rata gross freight rate in May 2025 amounted to USD 96.2 per cbm (+1.3%

compared to the average gross freight rate in Q1 2025).

Average pro rata gross freight rate

in the last three months was USD 94.5 per cbm.

The average pro rata net freight rate in May 2025 amounted to USD 82.3 per cbm (+2.4%

compared to the average net freight rate in Q1 2025).

The average pro rata net freight rate for the last three months was

three months was USD 80.6 per cbm.

The share of HH/BB in the pro rata volumes transported amounted to 20% in May. In the last three months, the

proportionate HH/BB share was also 20%.

Andreas Enger, CEO Höegh Autoliners, comments: "Our performance in May is in line with expectations and we are gradually

expectations and we are gradually increasing volumes while our freight mix and rates have stabilized.

have stabilized."

Nordic Circles and Höegh Autoliners $HAUTO (+1,02%) announce the agreement on the Blue Talks stage at Nor-Shipping in front of maritime industry leaders from around the world, including high-level speakers such as John Kerry and Andrew Forrest from Fortescue, underlining the global significance of the initiative.

The project will create a circular value chain where decommissioned ships are reused in Norway as environmentally friendly building materials.

The agreement covers up to eight Höegh Autoliners vessels, with the first upcycling to be completed in 2026. These eight ships alone could reduce carbon emissions in the construction industry by 100,000 tons of CO2.

"We want to be the greenest ocean shipping company and have set ourselves a net-zero target by 2040. That is why we are building the largest and greenest car carriers in the world and investing in the use of green ammonia as a fuel from as early as 2027," says Sebjørn Dahl, COO of Höegh Autoliners. "With this agreement, we are ensuring sustainability from cradle to grave and laying the foundation for a new green industrial adventure in Norway. We are very proud of this."

The agreement is worth NOK 1.3 billion. The first vessel will be decommissioned at AF Offshore Decom in Vats.

Adding to the confusion about the new fuels is the fact that there is a good and a bad version of each of them. The scientific evidence on gray ammonia, gray methanol and palm oil biofuel shows that these fuels, if adopted, are likely to be worse for the planet than the unabated continuation of fossil fuel consumption.

Conversely, green methanol, green ammonia and biofuel produced from real waste and residues could significantly limit the production and consumption of fossil fuels. For this reason, it is crucial that there is clarity about which fuels shipping companies ultimately intend to use.

Höegh Autoliners $HAUTO (+1,02%) is focusing on ammonia, explains CEO Andreas Enger, and is committed to the fuel where the competition is not yet so far ahead. "Ammonia is more scalable and will be cheaper than methanol, clearly," said Enger. "We don't want to take a clear position on green or blue ammonia, but we have no intention of using gray ammonia. Maybe we will use it for testing.

"We would be happy if the mass balance is organized through certificates that allow us to exchange the molecules. We would like to do that. But when it comes to using these containers to scale the consumption of gray ammonia - no, we wouldn't do that.

In a speech a few weeks before the MEPC 83 ruling at the IMO, Enger emphasized that green fuels, which are currently in short supply, could be made available "if there is a regulation that stimulates demand and incentivizes the switch from fossil fuels to green fuels."

"In the beginning, it wasn't about saving the world, it was about the need for new ships to renew the fleet... it was about figuring out what kind of ships you need to build to make them sustainable over an expected 30-year lifespan. The Chinese aren't buying EVs to save the world, they're buying them because they're cheaper. That's why it's so important that people develop the technology to make it possible.

The outcome of MEPC 83 is "absolutely crucial" for this, says Enger. "The decarbonization of shipping will not happen because we build such ships - it will only happen if our customers are incentivized by regulation and market forces. We don't choose the fuel for our ships, our customers do."

After a contentious MEPC meeting that ended with a weak compromise, Enger is likely disappointed with the outcome. "Green energy, solar energy in the right places in the world, is getting to a price level where it is absolutely feasible. But that's not going to happen as long as it's absolutely free to emit carbon," Enger added.

The fifth Aurora-class multi-fuel vessel from Norwegian shipping company Höegh Autoliners $HAUTO (+1,02%) 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.

Dear community, I'll provide a link as an example $OMV (+0,41%)
$HAUTO (+1,02%)
$BNP (-2,93%)
$VOLV A (-1,09%) because they pay good dividends and withholding tax is properly deducted.

If you want to save yourself the hassle of withholding tax refunds, couldn't you just sell the share the day before the ex-date and buy a new one the next day? As a rule, the share price falls by exactly the price of the dividend, sometimes even more. This way you indirectly get the dividend into your home, but you don't have to wait for the next calendar year or deal with the bureaucracy. Of course it's annoying because of the transaction fees, but depending on the volume and broker, these may also be limited. (Incidentally, you can also reduce taxable gains with a long investment horizon in this way, as you remain within the tax-free allowance and therefore do not realize the gains only after ten or twenty years).

I wonder whether this strategy has ever been seriously considered, discussed or even tried out by anyone.

In my case, I will probably try it out in two weeks with OMV, as I currently still hold the share with Revolut, but I am gradually "transferring" my European shares in particular to Trade Republic - not least because Revolut always pays so many fees into its own pocket for dividends and Revolut is also very annoying as a broker in other respects.

I'm curious to know whether you think this plan is completely crazy or somehow sensible. LG

$HAUTO (+1,02%) Could it be that the key figures given are not correct?

approx. 14 billion capitalization? 33 € earning per share...

Where is my mistake?

Even though the course was not so great this year, I am satisfied with $HAUTO (+1,02%) . Despite the book losses, I am well in the black thanks to dividends.

Hoegh Autoliners $HAUTO (+1,02%) is stepping up the pace: the car transport specialist is massively expanding its fleet and relying on the largest and greenest ships in its class. What does the company expect from this multi-million euro investment in the future?

The Norwegian company is getting down to brass tacks and has currently drawn up options for the construction of four additional special ships for vehicle transport (PCTC - Pure Car and Truck Carriers). This brings the total number of newbuildings of the modern Aurora class on order to twelve ships.

The new freighters will be built at the Chinese shipyard China Merchants Heavy Industry in Jiangsu. Hoegh Autoliners is also securing flexibility: further options for up to eight additional ships, divided into two packages of four, remain available. These steps underline the company's clear commitment to modernizing and expanding its own capacities.