Höegh Aurora class

Höegh Autoliners declares option to build the next four Aurora-class vessels

Ro-roHöegh Autoliners announced that it has exercised the option to construct additional four new 9,100 CEU multi-fuel Aurora class vessels. This brings the number of total vessels under the newbuilding program to 12 vessels, all of which will be built by China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI).

Höegh Autoliners will have the option to convert one or more of these vessels to ammonia propulsion as soon as the technology is available.

The first of the 12 vessels are scheduled to be delivered in July 2024. The Company has an option to build another four vessels (vessels 13-16), as well as slot reservations for additional four vessels (vessels 17-20).

Höegh will finance the newbuilds by a combination of equity (cash) from own operation and debt. Höegh Autoliners is actively exploring various financing alternatives and anticipates having committed financing in place before year end.

jul 23 2023