Höegh Autoliners prepares for hit from USTR port levy
- US Trade Representative port fee of $150 per ceu for any foreign-built vehicle carrier expected to weigh on earnings from October
- Import tariffs on cars expected to reduce trade flows to US
- Fifth-largest operator of vehicle carriers posts total first-quarter 2025 revenue of $329m — similar to first-quarter 2024 levels
Höegh Autoliners chief executive Andreas Enger estimates cost of proposed USTR port fees to the company of up to $70m per annum