Hoegh Autoliners takes over leased vessel as size push rolls on

Hoegh Autoliners is taking ownership of one of its leased vessels.

The Oslo-listed car carrier owner said on Wednesday that it had exercised a $36.5m purchase option on the 7,850-ceu Hoegh Copenhagen (built 2010), which it had been leasing from compatriot investment vehicle ParCar.

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“The purchase of Hoegh Copenhagen will realise value gains from taking direct ownership to a leased vessel,” chief executive Andreas Enger said in a statement.