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Sixth Aurora-class vessel in the Höegh Autoliners fleet

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Höegh Autoliners $HAUTO (-0,34%) has christened its sixth Aurora-class vessel operating in Sweden's leading port and the largest in the Nordic region.


The vessel was sponsored by Jenny Westermark, Senior Vice President, GTO Production Logistics at Volvo Group $VOLV A (+0,16%)
$VOLV B (+0,28%)who performed the traditional bottle breaking ceremony.


With a capacity of 9,100 car equivalent units (CEU), the Höegh Moonlight is part of Höegh Autoliners' flagship series of 12 next-generation pure car and truck carriers (PCTC).


All 12 vessels are designed from the keel up for the transition to clean fuels, with the first eight running on LNG via dual-fuel engines.


They are also equipped to run on clean ammonia with reinforced decks and an integrated tank developed by TGE Marine at the heart of the design, allowing for easy conversion.


The final four units of the Aurora newbuilding program, scheduled for delivery from 2027, will be dual-fuel vessels capable of running on ammonia from day one.


The eight first LNG-powered dual-fuel vessels will produce an estimated 58% less emissions per vehicle transported compared to the industry average.


The Aurora class plays a central role in the company's ambition to become zero-emission by 2040.


All ships are classified by DNV and fly the Norwegian flag. The fifth sister ship, the Höegh Sunrise, was christened in the port of Omaezaki in Japan in June this year.


The Managing Director of Höegh Autoliners, Andreas Enger, commented: "The christening of the Höegh Moonlight demonstrates our strong commitment to decarbonizing ocean shipping - not in the future, but now, today. These ships are not concepts, but working, sailing answers to one of the most pressing challenges in our industry. I would like to thank Jenny Westermark for generously sponsoring the ship."

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12 Comentários

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Am now well up and have set a stop loss. 3 dividend payments received
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@Smudeo Where did you set the stop?
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@Iwamoto 8,30 Eur
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@Smudeo In the end, I decided against it and sold my shares with a 5% profit after a few days and will now switch to Lenovo
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Hi, is that correct or why do I see a P/E ratio of 3 here on getquin? 🤔 and why do the analysts assume that profits will fall?
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@Klein-Anleger1 according to my AI, the P/E ratio is ~3.36

In terms of profit, I would guess the investments in the new fleet and the additional planned conversion to ammonia as fuel. In addition, there will be higher customs duties + port charges and Hoegh is also a cyclical company and the market is currently also up...er down. Production cutbacks here, poorer sales there...all of this together is putting pressure on freight rates, prices and ultimately also on earnings and EPS.

On the other hand, Hoegh also has long-term contracts with manufacturers, among other things...nevertheless, I think the share price is already relatively high at the moment.
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@SAUgut77 isn't the P/E ratio so low due to one-off effects? The new ships were already paid for or prepaid before they were delivered and the old ships were sold which went directly into the profit, hence the higher profit than usual?
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@Hotte1909 Höegh has exercised the purchase option for the "Hoegh Copenhagen" and that would be a one-off effect, for example, then there were probably even higher costs in Q2 due to short-term charter capacities, among other things.

Although the sale of old ships has also been factored in, the planned conversion to ammonia, which has now been commissioned, also costs money.

And last but not least, there are the costs of the additional customs duties and increased port charges.
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The valuation multiples are schwindelig😵‍💫
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