Höegh Autoliners Adds New RoRos to Fleet

Höegh Autoliners is set to take delivery of nine new RoRo vessels in 2007 and 2008 boosting the carrying capacity of its fleet. The company signed orders for two more large flexible Pure Car Truck Carriers (PCTC) from Daewoo Shipbuilding in 2009. The vessels' carrying capacity will be some 6.100 cars and 11 similar ships have now been ordered from Daewoo. The newbuildings will be registered in NIS. Höegh Autoliners has added 11 new vessels to its fleet the last three years, and the additional 11 vessels now under construction will boost the carrying capacity further. Shipyards that are building car carriers are generally well covered with orders, and access to building capacity is important. Höegh Autoliners' current orderbook is sourcing new vessels from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea (5), Uljanik Shipyard in Croatia (2) and Tsuneishi Heavy Industries in the Philippines (4). The prices for the latest contracts are not reported.