Höegh Autoliners extends lives of its vintage ships amid vehicle carrier capacity crunch
- Höegh Autoliners says market fundamentals remain strong, driven particularly by robust Chinese vehicle exports. Containerisation of vehicles has increased because of the shortage of dedicated vehicle carrier space
- The company has renewed the class of vessels which have reached 30 years of age and could potentially keep them in service until 2030
Oslo-listed vehicle carrier operator is extending the operating lives of some of its oldest pure car and truck carriers as surging Chinese vehicle exports and geopolitical disruption tighten global PCTC capacity
