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Höegh rakes in US$59 million for “full-fledged” carrier

The shipping company Höegh Autoliners is continuing to restructure its fleet with another ship sale.

The shipping company, which is part of a larger group that is also active in LNG shipping, has now announced that it is selling the car carrier “Höegh Kobe”.

This is an 18-year-old ship that was built by Daewoo in South Korea. The transport capacity is given as 6,000 CEU.

According to Höegh, the – unnamed – buyer is paying US$59 million for the freighter, which is currently sailing under the Singapore flag and is said to be “debt-free”. The handover to the new owner is planned for July.

Andreas Enger, CEO of Höegh Autoliners, also justified the transaction with the expected delivery of the first new building and the corresponding modernisation of the fleet: “As the date for the delivery of the first newbuilding is approaching, the sale of the ‘Höegh Kobe’ offers another good opportunity to optimise the fleet.”

The shipping company has taken several steps to restructure its fleet in recent months. Most recently, it was announced that competitor Wallenius Wilhelmsen was taking over a ship. In addition, other ships have been sold and charter ships have been acquired in order to benefit from the current very good market conditions, which are characterised by a high demand for tonnage. Interest in newbuildings is correspondingly high on the market at present.

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Copyright: © Höegh Autoliners

Caption: The new Höegh Autoliners buildings built in China (© Höegh)