Hoegh News

Danish shipping firm Maersk has sold 20,000,000 shares in Norway's Hoegh Autoliners, cutting its holding to zero, according to a stock exchange filing.The sale at a price of 90.00 Norwegian crowns ($8.34) per share represented approximately 10.48% of the share capital and votes in Hoegh Autoliners, the Norwegian firm said.(Reuters - Reporting by Nora Buli, Editing by Franklin Paul)

Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirs…

German utility RWE's trading arm received its first cargo of liquefied natural gas (LNG) at Brunsbuettel port from Abu Dhabi National Oil Company (ADNOC) on Wednesday, saying the gas will be fed into to onshore pipelines from the end of this month.The cargo was delivered on the vessel ISH to the floating LNG terminal "Hoegh Gannet" at Brunsbuettel. The terminal was chartered by RWE on behalf of the German government as part of efforts to ensure supply after Russia cut exports.Germany…

A floating terminal to import liquefied natural gas (LNG) arrived in the port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Germany rushes to diversify away from former top supplier Russia.The Hoegh Gannet floating storage and regasification unit (FSRU) arrived at the Brunsbuettel Elbehafen port near Hamburg.It will allow LNG tankers to land and their cargoes to be regasified and fed into the country's grid."Floating LNG terminals enable the import of gas and thus strengthen Germany's security of supply," said Markus Krebber, chief executive of RWE RWEG.DE, which has spearheaded the project."The strong…

Höegh LNG said Thursday it had signed a binding 10-year charter with the German government for the supply of the floating storage and regasification unit (FSRU) Hoegh Gannet.The FSRU vessel will be based at the Deutsche Energy Terminal GmbH-run Elbehafen LNG project in Brunsbüttel. The Elbehafen LNG project is developed by RWE and its subsidiary Elbehafen LNG in close cooperation with its partners, Höegh LNG. "We are proud to sign the second contract with the Federal Government…

A German environmental group has lodged a complaint calling for the operating licence of a new floating liquefied natural gas (LNG) terminal at Wilhelmshaven to be shortened by a decade citing its discharging of chlorine and risks to Germany's climate targets.Germany plans to use so-called Floating Storage and Regasification Unit (FSRUs) to import LNG as it weans itself off of piped Russian gas. The group, Deutsche Umwelthilfe (DUH), said in a complaint to the commercial regulator in the state of Lower Saxony that the licence for the unit at Wilhelmshaven should end in 2032, not 2042.

Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas."The new LNG landing place is a big step towards a secure energy supply," said Lower Saxony economy minister Olaf Lies in a statement.A floating storage and regasification (FSRU) unit will be moored at a now expanded pier before the end of this year and enabled to regasify LNG arriving on special tankers…

Höegh Autoliners through its subsidiary Höegh Autoliners Shipping AS, declared an option pursuant to a certain bareboat charter party to purchase the vessel Höegh Tracer for a purchase price of $53.2 million from Ocean Yield. The average market value of the vessel estimated by three different brokers was $82 million by the end of Q2 and different financing options for the vessel are being evaluated.Höegh Tracer was built in 2016 with a capacity of 8,500 CEU. The vessel has been…

Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years.France, Germany, and the Netherlands among others will need to import liquefied natural gas (LNG) to replace pipelined gas from Russia, which has been hit by sanctions during the Ukraine conflict.European users are grabbing floating storage and regasification units (FSRUs) needed to convert LNG to gas…

New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170,000 m3 of liquefied natural gas with peak regasification capacity of 900 mmscfd. New Fortress Energy's FSRU will work in tandem with a third party’s FSRU to provide up to 8 bcm per year of total regas capacity.

The German government on Thursday signed agreements for the charters of four floating storage and regasification units (FSRUs), as it works to become less reliant on Russian gas, as FSRUs will enable it to import LNG from other sources.The agreements were signed for the charters of two FSRUs owned by Oslo-listed firm Hoegh LNG, and two owned by Dynagas. Hoegh LNG FSRUs will be operated by RWE, while Uniper has facilitated the charter of two FSRUs managed by Dynagas Ltd.Höegh LNG said that the detailed FSRU contracts with the German Federal Ministry for Economic Affairs and Climate Action…

Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023, its commercial director said on Tuesday.Squadron Energy, owned by Australian mining billionaire Andrew Forrest, is vying against four other proposed LNG import projects looking to fill a shortfall in gas supplies expected in southeastern Australia from as early as 2024, and across eastern Australia from 2027.Earthworks at the Port Kembla site about 90 kilometers (56 miles) south of Sydney have bee

Avenir LNG announced it has entered into a time charter party (TCP) with Shell for the newbuild 20,000-cubic-meter capacity liquefied natural gas (LNG) bunkering supply vessel Avenir Achievement.Avenir LNG, a joint venture between Stolt-Nielsen, Hoegh LNG and Golar LNG, said the time charter is expected to begin in the first quarter of 2023 and will run for a period of three years with an option to extend up to five years.Avenir Achievement is scheduled to be delivered from Chinese builder Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (CIMC SOE) in the second quarter of 2022.

Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import terminal, operator Klaipedos Nafta said on Friday.The Baltic state leases a floating storage and regasification vessel (FSRU) from Norway's Hoegh LNG and has an option to buy it when the lease expires in 2024.The state-controlled Klaipedos Nafta said it had decided to seek alternative bids to make sure that it gets the best terms, and has to make the final decision by the end of 2022.Lithuania has been importing LNG via the current terminal, dubbed Independence, since 2014, thereby ending Russia's Gazprom pipeline gas supply monopoly.The Lithuanian terminal is used to import gas also for its neighboring Baltic states, and a new gas link to neighb

Oslo-listed LNG tanker operator Höegh LNG has reached an agreement with Trafigura for an extension of a charter for LNG carrier Hoegh Gannet. It also signed a new interim time charter for Höegh Gallant vessel with the same company.The existing interim LNGC time charter for Höegh Gannet vessel has been extended by 12 months. The contract for Höegh Gallant is also for 12 months from the redelivery from its current charter at end of March 2021.Further, Höegh LNG reached a deal with…

Ghana has taken delivery of sub-Saharan Africa's first offshore receiving terminal for liquefied natural gas (LNG), allowing it to start delivering LNG to customers in the first quarter of this year, the terminal's operator said.Tema LNG, which is backed by UK-based Helios Investment Partners, said in a statement that a floating regasification unit (FRU) built by a subsidiary of China State Shipbuilding Corporation arrived in Ghana on Thursday.Shell will supply the LNG under a long-term contract…

The U.S. Coast Guard medevaced an unresponsive tanker captain nine miles offshore Corpus Christi, Texas, Monday afternoon.Coast Guard Sector/Air Station Corpus Christi watchstanders received a call from a crewmember aboard the Norwegian-fagged liquefied natural gas (LNG) carrier Hoegh Galleon stating that the captain of the vessel had collapsed and was unresponsive. Watchstanders consulted with the duty flight surgeon who recommended the medevac.A Sector/Air Station Corpus Christi MH-65 Dolphin helicopter crew was launched to the scene.Once on scene…

U.S. Customs and Border Protection agriculture specialists in Baltimore recently uncovered egg masses of the highly invasive Asian Gypsy Moth (AGM) and a live Khapra beetle larvae, one of the world’s most destructive insect pests, aboard ships in one the nation’s busiest ports for vehicle imports.The suspected AGM egg masses were found from August 21 to September 4 affixed to various parts of the four vehicle carriers Graceful Leader (four), Hoegh Africa (one), Hoegh Jacksonville (two) and Figaro (two), which had arrived in Baltimore after port calls in Japan, South Korea and China.

US-based liquefied natural gas (LNG) firm Cheniere Energy has produced and exported its 1,000th cargo of LNG.The Houston-based LNG exporter said in a press note that the 1000th cargo was exported within a four-year time period after startup, setting an industry record and making Cheniere the fastest producer in the world to reach this milestone.Cheniere has produced these 1,000 cargoes from both the Sabine Pass Liquefaction Project (SPL Project) and the Corpus Christi Liquefaction Project (CCL Project).“Reaching 1,000 cargoes of LNG faster than any producer in history is a testament to the performance of our people and the culture of our company.

Tankers carrying U.S. liquefied natural gas (LNG) are on their way to China after Beijing started granting tax waivers to some importers, according to shipping and trade sources.This is the first time since March 2019 that shipments have resumed after a long-standing trade war that saw China raise tariffs on LNG imports from the United States to 25% last year.Four LNG tankers are currently en route to China after loading cargoes last month in the United States, ship-tracking data from Refinitiv and data intelligence firm Kpler showed.The tankers are expected to arrive in China between late April and early May, according to the data.

Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).For Aeroflot, the cash is needed to fight the economic fallout from the COVID-19 pandemic.Sovcomflot (SCF) which is raising money to spend on new projects and reduce debt aims to list in early October…

The official grand opening of the Port Canaveral vehicle processing facility was marked with a ribbon-cutting ceremony and the arrival of 730 new vehicles aboard the 653-foot-long vessel Wisteria Ace, the first vehicle carrier to call at the Port’s facility. The new automobiles were discharged at the Port’s 16-acre auto processing facility located alongside South Cargo Pier 4. Another carrier is scheduled to arrive next week with more than 850 new autos aboard.“A port-operated…

Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August 27) and has been taken back on charter by Hoegh LNG for twelve years.Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding program, which will be completed with the delivery of Hoegh Galleon in August 2019.The Hoegh Galleon has been employed on an 18-months interim LNGC time charter with Cheniere before its intended long-term charter with AIE in Australia…