Höegh Autoliners, a number one supplier of Pure Automobile and Truck Carriers (PCTCs), is reporting robust volumes, file charges, and excessive demand for deep sea PCTC transport providers heading into the ultimate two months of 2023.
The corporate transported a complete of 1.4 million cubic meters (CBM) of cargo on a prorated foundation in October, bringing its three-month quantity (August – October) to three.9 million CBM.
The common prorated gross freight price in October 2023 reached USD $96.5 per CBM, a 6.6% improve in comparison with the common gross price within the third quarter of 2023. Equally, the common prorated internet freight price for October was $84.5 per CBM, representing a 7.6% improve in comparison with the common internet price within the earlier quarter.
Höegh Autoliners additionally reported a powerful marketplace for HH/BB (Excessive and Heavy/Breakbulk) cargo a 25% share of the overall prorated volumes carried in October. Over the past three months, the corporate’s HH/BB share remained constant at 26%.
“Fourth quarter has began very nicely for Höegh Autoliners with good volumes and file excessive charges reported for October,” mentioned CEO Andreas Enger. “The overall freight market stays tight and is characterised by excessive demand for deep sea PCTC transportation providers. Utilization is excessive and we proceed to fill our vessels with a superb mixture of contract cargo and spot cargo leading to one other improve in internet and gross charges. Port delays and congestions have eased considerably giving higher productiveness and better volumes transported than in August and September.”
