Higher OPEX costs of USD 10m were attributed to the re-routing of cargo following the closure of the Strait of Hormuz. Charter hire costs have also exploded, with 6,500 CEU-type vessels now achieving daily charter hires of USD 80,000. The company estimates that 2–3 million cars were exported from China using containers in H1, representing 25–30% of total volumes.

These volumes are likely to migrate back to PCTC tonnage once capacity is available. The use of container tonnage "caps the upside in a tight market but cushions the downside." However, Höegh Autoliners estimates that there is a shortage of 74 PCTCs, which cannot be satisfied by expected newbuildings. On a very positive note, the company reported a record-low carbon intensity in Q2 due to the new Aurora-class vessels. Carbon intensity is down 5% to 4.25, compared with a year ago.

Andreas Enger, CEO of Höegh Autoliners, commented: "Q2 was impacted by geopolitical disruption that increased fuel costs and operational complexity across our network. Despite these challenges, we maintained reliable service offerings and found bespoke solutions for affected cargo together with our customers. Looking ahead, strong and growing demand for roro shipping gives us confidence in our ability to create long-term shareholder value."