Norway’s Hoegh Autoliners has been able to maintain freight rates at all-time highs despite a drop in non-car volumes.

The Oslo-listed owner said its vehicle carriers transported 1.4m cbm of cargo in November, and 4.1m cbm including September and October.

The average gross freight rate in November was $87.90 per cbm, up 8.9% compared with the average across the third quarter.