Leif Hoegh Increases Stake in Hoegh LNG
Leif Hoegh & Co. Ltd., a primary insider of Hoegh LNG Holdings Ltd., purchased 67,060 common shares in Hoegh LNG Holdings on 15 March for a price of NOK 91.50 per share. Following the transaction, Leif Hoegh & Co. holds a total of 31,933,849 shares in Hoegh LNG, representing 41.56 pct of outstanding shares, and 287,500 common units in Hoegh LNG Partners LP ("HMLP"). Leif Hoegh & Co is indirectly controlled by Leif O. Hoegh and by a family trust under which Morten W. Hoegh is the primary beneficiary and is represented on the Board of Directors of the Company by Morten W. Hoegh (Chairman) and Leif O. Hoegh (Deputy Chairman) due to its ownership stake in Hoegh LNG. Reporting By Ole Petter Skonnord
Teekay Shipping Chairman Steps Down
Teekey Shipping Corp. said its chairman, Axel Karlshoej, will resign from the board because of work demands at his company, Nordic Industries. Karlshoej will be replaced by C. Sean Day, a member of the board and consultant to the trust group that holds about 45 percent of Teekay’s shares. Teekay also said it expanded the board to nine members from eight, appointing Leif O. Hoegh to the ninth position in conjunction with Teekay’s acquisition of Bona Shipholding Ltd.