Höegh Autoliners is planning to launch a private placement of new shares in the company and list them on Euronext Growth Oslo.

Hoegh H Trotter - credit Owen Foley

Credit: Owen Foley

Höegh is owned by Leif Höegh & Co Holdings (60.5 percent), A.P. Møller - Mærsk (38.2 percent), and the company’s ceo, Andreas Enger (1.3 percent). The private placement of new shares is expected to raise gross proceeds to the company in the region of NOK1 billion (USD115.2 million).

The proceeds will be primarily used to finance the delivery of four Aurora-class vessels.

You can read more about the ammonia-ready pure car and truck carrier (PCTC) vessels here.

Andreas Enger commented: “Listing on the Euronext Growth confirms our ambitions and capability as a company. The global market in our sector is rapidly strengthening through increased volumes and decreasing global capacity. We have secured yard slots to build the first four ammonia ready multi-fuel vessel, making us the undisputed frontrunner in our industry’s path to a zero emissions future.”

Leif O. Høegh, Höegh Autoliners chair, added: “We are very pleased to announce our intention to list Höegh Autoliners and open the next chapter in its history. By raising capital and listing the company, we will be able to accelerate investments and further strengthen our customer service and leading position in decarbonisation and cargo efficiency.”