Hoegh Autoliners’ customers are ready to commit.
The Oslo-listed car carrier owner said the average duration for its contracts had jumped to 4.8 years in the opening half of 2023, versus just under 2 years for the second half of 2022.
During the company’s first-quarter earnings webcast, chief executive Andreas Enger called it a “breakthrough” in dialogue with customers and “promising” as 35 contracts are coming open next year and 42 in 2025.
