Höegh Autoliners score another bargain

Höegh Autoliners have again pounced at the opportunity to buy a vessel at a cut price as it brought Höegh Trapper under its ownership. Pursuant to bareboat charter party Höegh Autoliners declared an option to buy the vessel for $53.2 million from Ocean Yield. The vessel’s market value, estimated by three different brokers, was at $96 million by the end of the third quarter.