Höegh Autoliners Exercises Option to Buy 2099-built RoRo
Höegh Autoliners announced it has exercised its option to purchase Höegh St. Petersburg for $29,300,000, well below the $70 million average market value estimated by three different brokers for the end of Q3.“Höegh Autoliners is again demonstrating its commitment to serve and build a long-term relationship with our customers based on a fleet we own and control. All our deep-sea operated vessels are owned (29 vessels) or on charters with purchase options (five vessels). This gives us limited exposure to the currently tight and expensive Time-Charter market…
APM Terminals Pipavav Receives Maiden RoRo Vessel
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of western India’s gateway ports, announced having hosted the maiden call by leading RORO operator Höegh Autoliners vessel – m.v. HOEGH ANTWERP at Pipavav Port. HOEGH ANTWERP berthed at Pipavav Port in late January, 2016, to load Ford’s small and midsized cars, being exported from its Sanand plant in Gujarat. Officials of APM Terminals Pipavav, and the senior management of Hoegh Autoliners, India, were present to welcome the vessel, when it berthed. The Master of the vessel, Capt.
First Iron Ore Trade Using CargoDocs Electronic Bills of Lading
BHP Billiton, Royal Bank of Scotland, Westpac Banking Corporation, Cargill and Minerva Marine recently completed the first trade financed iron ore trade using ESS’s CargoDocs electronic bill of lading and eUCP Presentation solutions. CargoDocs was used on a shipment from Australia to China. In this trade the electronic bill of lading was drafted by BHP Billiton in Shanghai (eliminating the need for separate document instructions). It was then approved signed and issued on behalf of Minerva Marine by Wilhelmsen Ships Services in Port Hedland, Australia. BHP Billiton created original electronic peripheral documents within CargoDocs and the whole eSet was endorsed and presented electronically to RBS under an eUCP600 letter of credit.
Car Carrier Long-term Charters by Höegh Autoliners
Höegh Autoliners enters into 12 year bare boat charters for two 6, 500 car capacity Pure Car Truck Carriers (PCTC) to be delivered by DSME in 2014. The vessels will be owned by Ocean Yield AS and will be built by Daewoo Shipbuilding & Marine Engineering's (DSME) shipyard in Mangalia, Romania. Höegh Autoliners has previously taken delivery of a series of 10 PCTCs from DSME and the two 6 500 car capacity vessels will be built based on the same specifications with relevant updates.
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.
