Undeterred by tariff “headwinds,” Wallenius Wilhelmsen’s second-quarter performance exceeds expectations.

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Shipping industry news, despite the attention on Trump 2.0 tariffs, the Q2 2025 operational data released by car carrier operator Höegh Autoliners indicates that there has been no impact on freight volume yet. Analysts point out that car carrier charter rates have declined, but Asian exports remain strong.

The data shows that in the second quarter, Höegh Autoliners’ freight volume reached 3.9 million cubic meters, an 11.4% increase from approximately 3.5 million cubic meters in the first quarter. Freight volume in June alone reached 1.3 million cubic meters, an 18.2% increase compared to the same period last year.

The average net freight rate in June was $81.60 per cubic meter, a 1.6% increase from the first quarter.

Andreas Enger, CEO of Höegh Autoliners, stated, “June was another strong month for us, with stable rates and volumes.”

Shipping analysts believe these operational figures indicate that Höegh Autoliners’ Q2 performance is 25% higher than expected.

Analysts noted, “Based on the average freight rates and volumes for April, May, and June, this implies an EBITDA of approximately $193 million, which is 25% above consensus expectations.