Car Carrier Long-term Charters by Höegh Autoliners

Press Release
Monday, September 17, 2012
Höegh Autoliners' Vessel: Photo courtesy of Höegh

Höegh Autoliners enters into 12 year bare boat charters for two 6, 500 car capacity Pure Car Truck Carriers (PCTC) to be delivered by DSME in 2014.

The vessels will be owned by Ocean Yield AS and will be built by Daewoo Shipbuilding & Marine Engineering's (DSME) shipyard in Mangalia, Romania.

Höegh Autoliners has previously taken delivery of a series of 10 PCTCs from DSME and the two 6 500 car capacity vessels will be built based on the same specifications with relevant updates. Höegh Autoliners has the option to acquire the vessels during the charter period, with the first option exercisable after five years.

"The long term charters agreed with Ocean Yield is important in our fleet development program, to provide the best services to our customers. The vessel design is well known and well proven as an efficient and flexible work horse in our core fleet," says Ingar Skiaker, CEO of Höegh Autoliners. "We operate today a fleet of around 60 car carriers and balance our owned fleet with vessels chartered from other owners. The new vessels will replace existing vessels."

Ocean Yield has entered into shipbuilding contracts with DSME for the two vessels. Höegh Autoliners will provide shipbuilding supervision services and will have the technical management and crewing of the vessels when they are delivered and enter Höegh Autoliners' worldwide trade systems.

 

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Australia, US Order Anti-ship Missile Decoys

Design of the next generation of anti-ship missile decoys is set to commence following the signing of two contracts between the Australian Defense Force and BAE Systems Australia Pty Ltd.

General Dynamics Bags $ 50 mi Submarine Contracts

General Dynamics Advanced Information Systems, a business unit of General Dynamics was awarded two contract modifications totaling $50 million to continue supporting

Shipbuilding

Going Big for Sustainability

Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships,

MAN Propulsion Packages for New Trawler Series

Orders for five fresh-fish trawlers feature two different ship designs and MAN 6L27/38 engines and aft-ship equipment Icelandic owners, HB Grandi, Vinnslustodin hf.

US Shipyard to Produce GTT's LNG Membrane Tanks

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), via its U.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1251 sec (8 req/sec)