Kent S. Hagbarth

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.