Ro-ro shipping line Höegh Autoliners posted a net profit of USD125 million for 2021, with freight revenues equating to USD947 million – an increase of 28 percent compared to 2020.

Höegh Antwerp discharges five train carriages at Port of Tyne-LOW copy

The net profit for 2021 was highly influenced by the reversal of asset impairment charges of USD96 million, said Höegh. In 2020, Höegh recorded a net loss of USD19 million. For the freight revenues, this was boosted by higher net rates and better utilisation.

Andreas Enger, ceo of Höegh Autoliners, said: “2021 has been a year of considerable milestones for Höegh Autoliners. With substantial repricing and commercial recovery, admission to trading on Euronext Growth and presentation of the design for our Aurora-class vessels, the year has provided us with key building blocks for continuing to deliver high-quality global ocean transportation solutions. We remain committed to our vision of a zero-emissions future, reducing our carbon footprint and supporting the decarbonisation of our customers’ supply chain. I have never witnessed such a marked strategic repositioning in a single year. I would like to thank our seafarers and onshore staff, customers, and partners for contributing to this year’s impressive results and milestones.

“Höegh Autoliners has a clear ambition to reach net zero by 2040. Launching our zero-carbon ready Aurora-class vessel represents a definitive step in reaching that target.”