🚢 Höegh Autoliners strengthens fleet through targeted investments

Höegh Autoliners has the purchase option for the RoRo ship Höegh Copenhagen and acquires it for USD 36.5 million - well below the market value of USD 79 million. Financing is being provided via existing credit lines. The vessel, which was built in 2010 and has a capacity of 7,850 CEU, remains a central element of the Deep Sea fleet.investors.hoeghautoliners.com

📑 Wallenius Wilhelmsen secures long-term contracts worth over USD 2 billion

RoRo specialist Wallenius Wilhelmsen has signed two major contracts with car manufacturers:

• A five-year extension for USD 380 million with a European OEM.
• A ten-year extension with another manufacturer.Wallenius Wilhelmsen+7Project Cargo Journal+7FreightWaves+7FreightWaves

The agreements include comprehensive logistics services and emphasise the trust that customers place in the long-term partnership.FreightWaves

⚠️ Ongoing Houthi attacks continue to disrupt global supply chains

Despite a ceasefire between Israel and Hamas, shipping companies such as Maersk and Hapag-Lloyd continue to avoid the Red Sea due to the ongoing threat from Houthi rebels. Instead, longer routes around the Cape of Good Hope are being used, leading to increased costs and longer transit times.THE WORLD+2THE WORLD+2THE WORLD+2