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.
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.
Höegh Realigns
After posting strong results for 2004, Leif Höegh & Co. Limited announced today that the company has completed the final phase of its corporate re-alignment by merging all aspects of its Ro/Ro operations in Höegh Autoliners. Supported by significant investment capital Höegh Autoliners will be focused on growth. Further newbuilding opportunities will be pursued and the last non-core vessels have been sold. - Höegh Autoliners – a fully integrated Ro/Ro company focused on execution of a substantial and capital intensive customer driven growth plan. - Höegh LNG – expanding its fully integrated business model to encompass large and complex mid-stream projects. § Höegh Fleet Services will provide ship management for Ro/RO and LNG vessels as before.
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.
