Höegh Autoliners sees Q3 EBITDA to be in Low End of previous Guidance

NORWAY: In September 2025, Höegh Autoliners transported 1.3 million cbm of cargo on prorated basis. Transported volume in the third quarter (July – September) was 4.0 million cbm.

Average prorated gross freight rate in September 2025 was USD 90.3 per cbm (-2.2% compared to average gross rate in the last three months). Average prorated gross freight rate in the third quarter was USD 92.3 per cbm.

Average prorated net freight rate in September 2025 was USD 78.5 per cbm (-2.3% compared to average net rate the last three months). Average prorated net freight rate in the third quarter was USD 80.3 per cbm.

HH/BB share of prorated volumes carried in September was 22%. Last three months the prorated HH/BB share was 21%.

Andreas Enger, CEO Höegh Autoliners, comments: “Our September performance was stable. However, Q3 has been impacted by weakening trade balance which is likely to continue. We have increased short-term charter exposure and cost through 2025 to maintain our lifting capacity. We continue to monitor implementation of USTR port fees which is likely to add cost pressure in coming months if implemented as planned.

We expect Q3 EBITDA to be in the low end of our communicated guiding per Q2 (22 August 2025).”
Source: Höegh Autoliners