Hoegh Autoliner Asa (HOEGF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from sunny Oslo and welcome to Herc Autoliner first quarter presentation. My name is Mai Lin Vu, Head of Investor Relations. And with me today, we have our CEO, Andreas Engel, and our CFO, Espen Stubbrug, who will walk you through the first quarter business and financial performance. As usual, we have the Q&A session at the end of the presentation. So for the audience, if you have any questions, please send in the question to our Investor Relations mailbox at ia.herc.com. So with that, I leave it to you, Andreas. Thank you, Mylin. And we are starting this presentation with the beautiful picture of Hög Rainbow, which we took delivery of in the beginning of January. So it had its first quarter in operation. It's the eighth in the series of our 12-ship new build program of vessels that are doing a great job in a tight market. Let's start with some of the very recent highlights. We've had an exciting week at Höök Outliners with the successful exit out of the Persian Gulf of Alliance Fairfax, which I think we commented earlier has been trapped inside the Persian Gulf. That happened with fantastic help and support from the US Navy that mobilized substantial resources to ensure a safe transit for that vessel. We now have no vessels operating in the Persian Gulf and no remaining vessels that are bound for that area. There is sort of a continuous disruption, but contained operationally with repositioning and adaptation, which is, I think, one of the things we are quite good at in terms of fast response. The Persian Gulf service is suspended due to the conflict. We don't at this point see any near-term transit of vessels into the area, but we maintain regional coverage via a Suez Red Sea service that then returns back to Suez as we're not going through either the ...