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 Autoliners operates pure car/truck carrier (PCTC) vessels. As part of its relationship with Maersk, it took over a number of Maersk ships in 2008.[1] Since January 2014, its Europe/USA routes have included Valencia to Baltimore, Jacksonville, New York and Galveston.[2][3] It has a 50% stake in the EML shipping line that connects Zeebrügge, Esbjerg (Denmark), Gothenburg (Sweden), Drammen (Oslofjord, Norway) and Port of Tyne (UK).[4] The MV Höegh Osaka was en route from Southampton to Bremerhaven when it was grounded in January 2015.[5]

It was announced in May 2014 that nine Höegh Autoliners PCTC vessels would be managed by Wallem which would deliver technical and crew management from Wallem's Singapore base.[6]

Höegh LNG is active in the liquefied natural gas industry including LNG carriers.[7] 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.[8]

References

Notes

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

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. 

External links


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