Revised charges at Mundra

AHMEDABAD : ADANI Ports and Logistics Mundra has advised that pilotage charges will be revised from April1,2023asfollows:

• $ 0.819521 per GT, for vessels with GTlessthan10,000

• $ 0.967046 per GT, for vessels with GT10,000andabove

Further, the currently applicable Port Environment Protection Safety Charges are being renamed as Port

Environment Protection Safety and Dredging Charges, with the revised tariff applicable also from April 1 as below:

CargovesselsforBulk,BreakBulk, Liquid, Gas Carriers, RoRo, & Vessels calling at MICT (DPW) Berth and will bechargedundertheVRCtoVOA:

• Upto10000GT-$400pervesselcall

• 10001to30000GT-$600percall

• >30000GT-$800percall

ContainerVesselsLocalandRestow:

• For20feet-$0.307338

• For40Feet-$0.614676

• For45feet-$0.614676

Container Vessels Transhipment

• Double handling (billed directly to container operating agent for respectivecontainerterminal):

• For20feet-$0.614676

• For40Feet-$1.229352

• For45feet-$1.229352

Höegh Autoliners to purchase Höegh Berlin for a price of USD 34.25 mn

OSLO : Höegh Autoliners ASA has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel, for a purchase priceofUSD34.25million.Thevessel was taken over on 1 March 2023. The average market value of the vessel estimated by three different brokers was USD 59 million per end of Q4 2022.

Höegh Berlin was built by Höegh at Daewoo Shipbuilding & Marine Engineering (“DSME”) in 2005 and has a capacity of 7,850 CEU and is one of a series of vessels Höegh built atDSMEbetween2004and2010.The vesselwassoldin2009andchartered back to Höegh Autoliners under a bareboat charter agreement. This is the fifth bareboat chartered vessel the Company has purchased back in less than a year, and the other 4 are HöeghBeijing,HöeghTracer,Höegh

Trapper and Höegh St. Petersburg. The purchase of Höegh Berlin will reduce the long-term cash capacity cost for the vessel as well as realise additional value gains from taking direct ownership to leased vessels. TheCompanyintendstoregisterher undertheNorwegianflag(NIS)after the transfer of ownership. This will bring Höegh Autoliners’ number of vessels registered in NIS to 28 out of 31 in its technically managed fleet, solidifying its position as one of the largest owners in terms of the deadweight ton (DWT) in the NIS register.

On1March2023,accordingtothe earlier announcement of the exercise option, we have also taken ownershipofHöeghTracer.

Per ØivindRosmo, CFO of Höegh Autoliners, comments: “With the delivery of Höegh Berlin and Höegh Tracer, Höegh Autoliners is again demonstrating our commitment to serve and build long term relationship with our customers based on a fleet we own andcontrol.Afterthepurchaseofthe leased vessels, we will have a fleet of 31 owned vessels, 3 BB chartered vessels with purchase option and 3 vessels chartered in on medium term Time-Charters. This gives us limited exposure to the currently tight and expensive Time-Charter market.

Höegh Berlin has done a very good job for us and our customers since we built her in 2005 and is very well suited for our established and balanced trade systems from Asia to Europe and the US with return to Asia via South Africa and Australia or the Middle East. Together with the Horizon class vessels (8,500 CEU capacity) and the Aurora class vessels under construction (9,100 CEU capacity), the series of 7,850 CEU vessels built at Daewoo represents one of the largest and most environmentally friendly PCTC fleet. These large and fuelefficient vessels are an important part of our ambition to continue to reduce our carbon intensity and the journey towards being carbon neutralby2040.”