Niels Ronald Bugge News

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.