Norway’s Hoegh Autoliners continues to add car carriers to its owned fleet at bargain prices.

It has declared an option in its bareboat charter to buy the 8,500-ceu Hoegh Trapper (built 2016) for $53.2m from Norwegian sale-and-leaseback company Ocean Yield.

The average market value of the vessel estimated by three different brokers was $96m at the end of September.

VesselsValue estimates the Hoegh Trapper is now worth $106.8m