Norwegian car carrier player Höegh Autoliners has signed a five-year contract for the transport of construction equipment from Asia to Europe.
The Oslo-based company did not reveal the name of the client but described it as a “major Japanese construction equipment manufacturer.”
“Our vessels are built with a substantial high and heavy capacity, and we are delighted to be the chosen partner for the transport of construction equipment for this major producer,” Andreas Enger, CEO of Höegh Autoliners, said.
“The Aurora class vessels, currently under construction and scheduled for delivery from 2024 and onwards, will feature a significantly enhanced capacity for high and heavy cargo,” he added.
Even though no financial details were revealed, Höegh said that the contract was disclosed due to its mutual rate and volume commitments exceeding a total value of $100m.
Last week, the company signed a five-year contract for the transport of cars from the US to the Middle East.