Ro-ro shipping group Höegh Autoliners reported solid financial performance in the third quarter of 2025, with the high and heavy cargo (H&H) segment entering a period of renewed growth.
The company reported gross revenue of USD370 million, EBITDA of USD155 million, and net profit after tax of USD131 million for the quarter. Shipments from Asia continued to expand despite US tariffs and a challenging geopolitical climate, with China’s share of regional exports strengthening further.
The H&H market, after a flat couple of years, is now entering a period of renewed growth. Höegh noted that trade flows remain strongest out of Asia, while markets in the USA and Europe are generally less buoyant.
In the USA, H&H equipment sales are expected to slow in 2025 despite government infrastructure support, as higher import tariffs inflate material and equipment costs. By contrast, deepsea shipments of core construction machinery from Asia remain robust, with Chinese exports offsetting weaker volumes from Japan and Korea.
Höegh forecasts H&H sales of USD223 million for 2025, down from USD233 million in 2024, but rising to USD236 million in 2026 and USD250 million in 2027.
“Q3 is another strong quarter,” said Andreas Enger, ceo of Höegh Autoliners, “however, our operating costs have been adversely impacted by a weakening trade balance – a trend likely to persist.”
HLPFI reported in September 2025 that Höegh Autoliners had placed an order for ammonia-burning Everllence two-stroke engines for its Aurora-class PCTCs.
