Norway’s Hoegh Autoliners will attempt to tread a fine line between fleet expansion and paying too much for chartered-in capacity.
The Oslo-listed car carrier group’s chief financial officer, Per Oivind Rosmo, told analysts on a conference call: “The good news in the market is that we’re now seeing rates supporting the costs in the tonnage market.”
But, he added, it is still challenging to make substantial earnings from extra volumes as charter rates rise.
