Although this may increasingly come as a shock to Americans accustomed to seeing grocery store parking tons full of issues like Toyotas, some U.S.-built autos are sizzling exports objects and Höegh Autoliners ASA reviews that it has simply signed signed a 5-year contract with an undisclosed “major international car producer” for the transport of vehicles from the U.S. to the Middle East.
Andreas Enger CEO of Höegh Autoliners commented: “We are happy to partner with this major international car producer for transportation of their cargo in one of our core trade lanes. Serving our strategic customers and allocating capacity to them in our systems both ex. Atlantic and ex. Asia is our top priority. We have a long history in the U.S. to the Middle East trade and it gives us confidence that customers see us as their trusted long-term carrier for their products in this corridor. Höegh Autoliners are dedicated to providing our customers with transportation that has reduced carbon intensity. We have successfully reduced our carbon footprint by 40% since 2008. Next year, we will offer our customers the opportunity to transport their cargo on the first of our Aurora class newbuilds, which will be the largest and most carbon-efficient car carriers in the industry.”
Höegh Autoliners didn’t disclose the worth of the contract however stated the announcement was made as “part of our effort to increase transparency through a practice of disclosing a monthly trading update and new contracts with mutual rate and volume commitments exceeding a total value of $100 million.”
Among the largest exporters of U.S.-manufactured autos is BMW Group, which earlier this yr reported that its Spartanburg, S.C., plant final yr exported 227,029 BMW sports activities exercise autos and coupes throughout 2022 with an export worth of practically $9.6 billion. The BMWs produced at Plant Spartanburg had been exported by the Port of Charleston, S.C. (greater than 182,000 models), and thru 5 different southeastern ports. More than 17,000 BMWs had been exported through rail.
Another main U.S. auto exporter is Ford, which says that, it exported 260,000 U.S.-assembled autos, together with F-150 vehicles, Explorer SUVs and Mustangs to different nations. Approximately one in each seven autos that Ford assembles within the U.S. is now exported to different markets.
So, will we see U.S. auto exports loading onto on Hoegh Autoliners first Aurora class vessels? Seems it’s a powerful risk.