News / Hoegh Autoliners signs five-year '$100m' deal with major automotive shipper

Car-carrier Höegh Autoliners has signed a five-year agreement with a “major” automative manufacturer, with sailings to commence in January.

Though Höegh was reticent to divulge specifics, the value of the deal with the unnamed shipper is understood to exceed $100m.

A trading update released the same day indicated that Höegh’s average gross freight rate had been $102.70 per cubic metre through November, a 1.2% increase over the Q3 average – indicating a strong possibility that a gross rate above $100/cu metre has ...