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Hual News

05 Sep 2003

HUAL To Strengthen Short Seas

HUAL, one of the major global car carrier operators, has decided to split its short sea activities into two entities in order to enhance and expand service to short sea customers in Europe. HUAL has served the European short sea market through its French subsidiary Cetam SAS covering both pure car- and combined car/trailer segments. The activities in Cetam will now be split in order to further support growth in the two segments individually and meet the requirements from different categories of customers. HUAL entered into a joint-venture agreement with Louis Dreyfus Armateurs SAS to cover the combined car/trailer segment under the name of LD Cetam SAS, whereas the pure car segment will be further developed through HUAL under the name Autoliners SAS.

16 Oct 2003

Åsheim Takes Helm of HÖEGH Fleet

Yngvil Åsheim has been named fleet manager in HFS responsible for the management of Leif Höegh & Co and HUAL's car carrier fleet. She came to HFS from Det norske Veritas (DNV) in 2002, where she was manager of DNV's Machinery Ship in Operation division. Åsheim has a degree (Master of Science) in mechanical engineering from the Norwegian Institute of Technology, NTH (NTNU) and has further education from management programmes under DNV's direction and from IMD in Switzerland. She started as a trainee at DNV in 1993. HFS is a management company responsible for the technical management and crewing of vessels owned by Leif Höegh & Co (LHC), comprising 22 car carriers, four LNG carriers, 10 specialised open hatch carriers and two large bulk carriers.

18 Dec 2003

Hual Increases PCTC Order to 7 Ships

HUAL, the Ro/Ro vehicle carrying unit of Leif Höegh & Co, has placed an order for two additional car carriers (PCTC) with Daewoo Shipbuilding & Marine Engineering for delivery in 2006 and 2007 respectively. The vessels will have capacity to carry some 6100 cars and 7 similar vessels are now ordered from Daewoo. The first 5 vessels are scheduled for delivery in 2004 and 2005. The order forms part of the renewal of HUAL's fleet and HUAL is experiencing a substantial demand for flexible PCTC vessels capable of carrying high and heavy cargo in addition to factory new- and second hand cars. The vessels are designed with four liftable decks (plus 8 fixed decks) and 150 tons capacity on the main ramp. We find this design and size of vessel to be optimal in many trades.

22 Mar 2004

Car Carrier Picks Up Crew from Burning Tanker

HUAL ASIA, a Pure Car/Truck Carrier owned by Leif Höegh & Co Shipping, picked up 24 crew from an abandoned tanker on fire in the Arabian Sea off the coast of Oman. The 24 crew are reported to be in good condition. One crew is reported missing. HUAL ASIA was en route from Jeddah to Dubai when it received a distress call on the VHF radio channel 16. HUAL ASIA changed course and proceeded to the distressed vessel, which was on fire. 24 crew were picked up and search continues for one missing crew. 8 of the crew were later transferred to a US navy vessel, which has taken over the on scene command from HUAL ASIA. HUAL ASIA is a modern Roll-on/Roll-off vessel of the Pure Car/Truck Carrier type with capacity of carrying about 6100 cars. The vessel was built in 2000 and has a crew of 25.

25 Mar 2004

HUAL Takes 2 More Newbuilds

HUAL has entered into long-term time charter arrangements for two large car-carrier newbuildings. The vessels will be built at the Uljanik Shipyard in Croatia and will be delivered 1st half 2007. Leif Höegh & Co Ltd will own 49.5% in both vessels, which were ordered by Norwegian shipping investor Peter Gram. The Pure Car/Truck Carriers (PCTC) are well suited for HUAL's world wide trades and will have a deck capacity of about 59,000 sqm, two hoistable decks, ample high space capacity and a ramp capacity of 100 tons. The vessels will be technically managed by OSM Ship Management in Kristiansand. HUAL, the Ro/Ro car carrying unit of Leif Höegh & Co, is one of the world's leading operators of car carriers with a fleet of 45 Roll-on/Roll-off (Ro/Ro) vessels in its commercial operation.

05 Apr 2004

HUAL AS Honored by GM

HUAL AS was named as a General Motors Supplier of the Year for its overall business performance in providing GM with parts and services. The award was given during ceremonies Saturday, April 3 in Prague at the Hilton Prague Hotel's Congress Hall. "HUAL is representative of the type of company we want to grow with as we drive to be the best worldwide," said Bo Andersson, vice president, GM Worldwide Purchasing Production Control & Logistics. "The company has a balanced focus on performance and behaviour that supports GM's priorities. "HUAL is very honoured to have been selected by GM as 2003 Supplier of the Year for Ocean Carrier Services, " said Karl A. Terjesen, HUAL's president. "Receiving this important and prestigious award from the world's No.

20 Apr 2004

Leif Höegh Records Strong First Quarter

Operating profit before sales gain and depreciation for Leif Höegh & Co. Limited (LHC) for the first quarter showed a significant improvement compared to first quarter of last year. HUAL experienced a strong first quarter. The car carrier market continues to be very tight, with all operators experiencing space pressure. The strong cargo availability out of the Far East continued. In February another large PCTC newbuilding on long term charter was delivered. During the first quarter HUAL entered into long term charters for further two PCTC newbuildings to be delivered in 2007.

16 Jul 2004

Vineberg joins Scandinavian Shipping

position of Business Manager with specific responsibilities for the Swedish activities of the leading Norwegian ro-ro operator HUAL. He will be located in SSA's Gothenburg office. SSA, a member of the Björk.Eklund Group, has represented HUAL since February 2002. Gothenburg. SSA. our needs perfectly.

20 Feb 2001

Leif Hoegh Profits Double

Norwegian shipping group Leif Hoegh said its improvement in operating profit - from $56.6 million from $22.9 million the previous year - was largely a result of investments in Hoegh Ugland Auto Liners (HUAL) and contract shipping in the form of gas and dry bulk and reefer vessels. "LHC expects global growth in 2001, which at the outset will dampen the demand growth in several segments in which LHC is involved," it said.

25 Apr 2001

Leif Hoegh Enjoys Healthy 2001

Norwegian shipping group Leif Hoegh forecast higher operating profit in 2001, helped by a larger RoRo vehicle transport fleet, after a smaller-than-expected 59 percent jump in the first quarter. "After a slow start to the year for the Ro/Ro and reefer segments, the markets picked up in March, a trend which has continued into the second quarter," the company said. "The operating profit, excluding sales gain or loss, is expected to increase from last year through (the) larger RoRo fleet, the Hoegh Galleon charterparty and the transfer of the liner service," it said. It added that bunker prices, foreign exchange movements and interest rates would all affect the company's results.

01 Oct 2002

Hual Europe Grounded in Tokyo Bay

Hual Europe, a Ro/Ro vessel built in 2000, was grounded today by the island O-shima in Tokyo Bay. The reason for the grounding is not yet known. The vessel loaded cars in Yokohama, but was instructed to leave the port due to strong winds (typhoon) in the area. The vessel has a crew of 24, of which one is reported to be slightly injured. The situation for the vessel is critical and with some oil spill reported from the vessel. It is being reported that the engine room is flooded and the vessel has strong listing. A helicopter from the Japanese Coast Guard is now standby to evacuate the crew, but weather conditions are causing delays.

06 Dec 2002

Hual to Increase Fleet

Leif Höegh & Co. has entered an agreement with Daewoo Shipbuilding & Marine Engineering Co., Ltd. for three PCTC (Pure Car Truck Carrier) newbuildings (6100 ceu) for delivery in 2005. Delivered price will be approx. $50 million per vessel. vessels. 2005/2006. in a best possible way. increase to 32 vessels. Hual also operates approx.

26 Nov 2002

Grounded RoRo Catches Fire

The RoRo, Hual Europe, rolled over yesterday and split into two parts as it caught fire in Asian waters. The Marine Disaster Prevention Center is currently working to extinguish fire and limit any further environmental damage. According to reports, it has already spilled 106,000 gallons of oil. On October 1, the Ro/Ro Hual Europe grounded in a typhoon on the island of Oshimain Japan. Unable to salvage the vessel and its cargo, it was declared a total loss. The P&I Club has entered into negotiations for a contract to remove the wreck.

02 Aug 1999

Hual Takes Delivery Of Carolita And Transporter

Hual AS, one of the largest operators within international car transportation, has accepted delivery of the second and third ships in a series of six; the first, Hual Trader was sent by Daewoo Heavy Industries this past December. The second and third ships, Hual Carolita and Hual Transporter, were delivered by Tsuneishi Shipbuilding, Japan; and Gdynia Shipyard, Poland, respectively, last May. Boasting almost identical specifications, the series of 21,400-dwt ships features a length of 656 ft. (200m), and a speed of about 20 knots. Each of the vessels include room for 6,200 standard sized cars or a mix of lorries, cars and construction machinery.

16 Feb 2000

Leif Hoegh Forecasts Higher Profits

Norwegian shipping company Leif Hoegh forecast higher operating profits in 2000. The company reported an operating profit of $23.2 million in 1999, down from $70.97 million in 1998. It said that profits would be lifted by the consolidation of the Hual car carrier division into its accounts, by its reefer unit Unicool, as well as by improvements in other areas. The company also said that it was proposing a 450 million crowns capital expansion, linked to its purchase of a 50 percent stake in Hual from Ugland International. Leif Hoegh is paying $390 million for the stake, making it the sole owner.

17 Jun 2003

Leif Höegh & Co. Increases PCTC Order

Leif Höegh & Co. Engineering Co., Ltd. in the third and fourth quarter of 2005. agreement with the yard. equivalent units (ceu). order to improve the service we offer to our customers. already employed in our fleet. 2005/2006. in a best possible way. 2003 and 2004.

10 Oct 2002

JHC: Recent Hull Losses Will Increase Pressure For Rate Increases

The Joint Hull Committee in London (JHC) estimates that the total cost of recent marine hull losses to the global insurance market could be as much as $750m. in yet more pressure being applied to rates for hull business, which are still considered uneconomic despite increases having been achieved during the past twelve months. The "Diamond Princess" is the most significant in a string of expensive claims to hit the marine insurance market recently. was engulfed by fire, which caused extensive damage. That incident followed rapidly on the grounding of the car carrier "HUAL Europe", with an estimated insured value of over $50m, in Tokyo Bay, off Yokohama, on October 1.