Automakers transporting their cars to the U.S. could face $200 to $300 per vehicle in additional costs, the CEO of car carrier Wallenius Wilhelmsen told Reuters on Wednesday, as the company seeks to pass on new U.S. port fees to customers. ...

Strategy and Market Position - Höegh Autoliners' strategy focuses on anticipating market shifts, early positioning, and compounding returns over time[3] - The company is overweight cargo versus carrying capacity, using a normalized charter market to deliver value from long-term contracts[4] - The company has a historically strong contract backlog, with more cargo than it can carry[5] - In 2024, approximately 60% of the total spot volume was HH/BB share[9] Contractual Agreements - A significant 3-year contract renewal in a key trade lane was signed in August, valued above $100 million[10] - Contract share of volume transported increased by 5% from Q4 2024 to approximately 81%[10] - The average duration of the contract backlog is 3.3 years[10] - 80% of the 2025 lifting capacity is covered by contracts[6] Financial Stability and Debt Management - The company has no refinancing needs for the next 4 years[19] - More than 50% of Höegh Autoliners' committed financing has a 12-year duration at attractive terms[19] - The company has a $720 million credit facility secured by the modern part of the fleet[19] - The company has 21 debt-free vessels and approximately $200 million liquidity buffer through undrawn RCF[19] Carbon Intensity Reduction - Since 2008, the company has improved its carbon intensity by approximately 40%[16] - The company is aiming for zero emissions by 2040[16]