Norway-headquartered roll-on/roll-off (RoRo) shipping company Höegh Autoliners ASA has strengthened its long-term partnership with a major Asian automobile manufacturer by extending an existing vehicle transportation contract through December 2029.
The renewed agreement includes higher committed cargo volumes and revised commercial terms aligned with prevailing market rates. The updated terms have been effective from May 1, 2026, and are expected to generate an additional USD 300 million in revenue, based on forecasted volumes during the extension period.
The contract extension reinforces Höegh Autoliners’ strategy of securing long-term cargo commitments while enhancing revenue visibility through a growing contract backlog.
As part of the agreement, the company will also add Xiaomo Port in southern China to its service network, further strengthening its export capabilities from Asia and expanding service options for automotive customers.
Commenting on the development, Andreas Enger, Chief Executive Officer of Höegh Autoliners, said the extension reflects the company’s continued focus on building long-term relationships with strategically important customers.
“The extension of this contract highlights Höegh Autoliners’ continued effort in building contract backlog and supporting strategically important customers. The agreement establishes a strong long-term commitment from the customer, and we are pleased to further develop the partnership in the years to come. The agreement also includes the addition of Xiaomo Port in southern China, further strengthening Höegh Autoliners’ service offering out of Asia,” Enger said.
The latest agreement underscores the continued strength of global automotive trade and highlights the importance of dedicated RoRo shipping services in supporting vehicle exports from Asia to international markets.