Leif Höegh & Co

Leif Höegh & Co. Holdings AS
Public
Traded as NYSE: HMLP (Höegh LNG)
Industry Shipping
Founded 1927
Headquarters Norway
Area served
 Worldwide
Website www.hoegh.com

Leif Höegh & Co is an international shipping company, founded in 1927 by Norwegian Leif Høegh (1896-1974). Since 2006 the company has been structured as two separate entities, Höegh Autoliners and Höegh LNG, with Leif Höegh & Co acting as a common holding company.

Höegh LNG

Höegh LNG is active in the liquefied natural gas industry including LNG carriers.[1] As of January 2015, it is 44.6 owned by Leif Höegh. The largest investors are Allianz, Fairview Capital and Nordea. The Baupost Group announced that it controlled 5.26% of shares for its clients.[2]

Höegh Autoliners

Höegh Autoliners operates pure car/truck carrier (PCTC) vessels.

In 1970 a joint venture in between Höegh and Ugland Auto Liners (HUAL) was formed to develop a new leading RORO operator. Then in March 2000 Leif Höegh & Co acquired the remaining 50% of HUAL, renaming the company Höegh Autoliners, as known today.

In 2008 A.P. Moller became a minority shareholder in Höegh Autoliners, holding 37,5 per cent of shares.

As part of its relationship with Maersk, Höegh Autoliners took over twelve Maersk ships in 2008 (plus the contract of six to be built).[3]

Since January 2014, its Europe/USA routes have included Valencia to Baltimore, Jacksonville, New York and Galveston.[4][5]

The Company also has a 50% stake in Euro Marine Logistics that connects Zeebrügge, Esbjerg (Denmark), Gothenburg (Sweden), Drammen (Oslofjord, Norway) and Port of Tyne (UK), providing dedicated short sea connections.[6]

In May 2014 it was announced that nine Höegh Autoliners PCTC vessels would be managed by Wallem which would deliver technical and crew management from Wallem's Singapore base.[7]

In January 2015 the MV Höegh Osaka was en route from Southampton to Bremerhaven when accidentally grounded, requiring salvage.[8]

Maersk PCTC fleet acquisition

Höegh Masan
Maersk Willow
Maersk Wind
Höegh Masan at berth
MAERSK NAMEHÖEGH NAME FUNNEL - MAERSK CHARTER TO
Maersk CloudHöegh CochinMOL
Maersk SeaHöegh ChennaiMOL
Maersk SunHöegh MumbaiMOL
Maersk TaikiHöegh PusanNYK
Maersk TaiyoHöegh KunsanNYK
Maersk TealHöegh MasanWWL
Maersk TideHöegh IncheonNYK
Maersk WaveHöegh YokohamaWWL
Maersk WelkinHöegh ChibaNYK
Maersk WillowAlliance FairfaxMOL
Maersk WindHöegh OsakaWWL
Maersk WizardHöegh KobeNYK

Maersk Crest (ex mv Rich Queen) was sold to NYK in 2007, and renamed Tigris Leader.


References

Notes

  1. ↑ "Our Business". Retrieved 10 January 2015.
  2. ↑ Pierce, Andy (7 January 2015). "Investor shows Hoegh LNG hand". Tradewinds.
  3. ↑ Wright, Robert (30 January 2008). "Maersk sells ships to Norway group". Financial Times.
  4. ↑ "New Höegh service from Valencia". 8 January 2014. Retrieved 7 January 2015.
  5. ↑ "Galveston Terminal Operator and Galveston Stevedore". Retrieved 7 January 2015.
  6. ↑ "New service to Drammen in Norway". 25 May 2014. Retrieved 7 January 2015.
  7. ↑ "Höegh Autoliners and Wallem sign Shipman deal". 11 May 2014. Retrieved 7 January 2015.
  8. ↑ Millward, David (4 January 2015). "Crew rescued as car transporter runs aground". Daily Telegraph.

Bibliography

  • Bakka, Dag (1997). Höegh: Shipping through Cycles: Leif Höegh & Co, 1927-1997. Oslo: Leif Höegh & Co. ISBN 8291258074.
  • Crowdy, Michael (1968). Leif Höegh & Co. A/S, Oslo: the firm and the fleet, 1928-1968. Kendal, England: World Ship Society. OCLC 2430077.
  • Egeland, John O. (1975). "Leif Høegh: verket og mannen" [Leif Höegh: The Works and the Man]. Høegh Tidende (in Norwegian). Oslo: Leif Höegh & Co (special number). OCLC 500037125.
  • Høegh, Leif (1970). I Skipsfartens Tjeneste [In Shipping Service] (in Norwegian). Oslo: Gyldendal Norsk Forlag. OCLC 479075867.
  • Tenold, Stig (2006). Tankers in Trouble: Norwegian shipping and the crisis of the 1970s and 1980s. Research in Maritime History series, no. 32. St. John's, Nfld, Canada: International Maritime Economic History Assoc. ISBN 0973893427.


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