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HOEGH News
Sixth Aurora-Class Vessel Joins Höegh Autoliners Fleet
Höegh Autoliners has named its sixth Aurora-Class vessel in commercial operation at Sweden’s leading port and the largest in the Nordic region.The vessel was sponsored by Jenny Westermark, Senior Vice President, GTO Production Logistics at Volvo Group, who performed the traditional bottle-breaking.With a capacity of 9,100 car equivalent units (CEU), the Höegh Moonlight joins Höegh Autoliners’ flagship…
Ammonia: Höegh Autoliners Cuts Through the Grey Area
Confusion over new fuels will not be helped by the fact that each one has a good and bad version. The science on grey ammonia, grey methanol, and palm oil biofuel show that these are probably worse for the planet, if adopted, than unfettered continuation of fossil fuel consumption. Conversely, green methanol, green ammonia and biofuel made using genuine wastes and residual products could create a substantial dent in production and consumption of fossil fuels.
Höegh Autoliners Orders Customized Simulators from Kongsberg Digital
Höegh Autoliners ordered from Kongsberg Digital a K-Sim Navigation and K-Sim Engine simulator models, specifically designed for training crew on environmentally friendly Höegh's Aurora Class vessels.Höegh’s new vessels will be the largest and most environmentally friendly Pure Car and Truck Carriers ever built and will accelerate their decarbonization efforts and set a new standard for more sustainable deep-sea transportation.
Höegh Autoliners to Deploy Marlink Hybrid Network
Marlink said it will deploy its guaranteed bandwidth hybrid network solutions to the Höegh Autoliners fleet. Already a customer using remote IT service, support and maintenance from Marlink, Höegh Autoliners will adopt Marlink’s hybrid network solutions, blending high throughput VSAT with L-band backup and 4G/5G services. The managed network solution also includes Marlink’s Unified Threat Management (UTM) cyber security service.
Follow the Money: Norway is Fertile Grounds for Shipping Projects
With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs…
Shipping Executives Indicted in the U.S.
An indictment of two Norwegian shipping executives was unsealed in the U.S. District Court in Baltimore, the Department of Justice announced.Ingar Skiaker and Øyvind Ervik have been charged with participating in a long-running conspiracy to allocate certain customers and routes, rig bids, and fix prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and elsewhere, including the Port of Baltimore.
Stolt-Nielsen LNG, Golar LNG and Höegh LNG in Joint $182 Million Investment
Stolt-Nielsen Limited (Oslo Børs: SNI), Golar LNG Ltd and Höegh LNG Holdings Ltd. announced a combined investment commitment of $182 million in Avenir LNG Ltd. to pursue opportunities to deliver LNG to areas of stranded demand, as well as the development of LNG bunkering capabilities.The investment will be contributed as cash and equity-in-kind and will fund the construction of six small-scale LNG carriers…
Hoegh LNG Signs FSRU Deal with Gas Natural Fenosa
Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa.
Hoegh Autoliners Denies Price-fixing Allegations
Norwegian shipping firm Hoegh Autoliners denied on Tuesday allegations made by South Africa that it and Japanese rival Mitsui O.S.K Lines had colluded to fix transport tariffs to and from South Africa. Hoegh Autoliners specializes in transporting cars, controlling 50 specialized vessels or 6-7 percent of the global fleet in this market. South Africa's Competition Commission said on Tuesday Hoegh Autoliners had been referred for prosecution on seven charges relating to collusive tendering…
Acquisitions to Yield Better Results for Hoegh LNG
Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017.
In Demand: Hoegh LNG’s Sveinung Stoehle
Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out, and now six floating storage and regasification units, or FSRUs, are in operation with four newbuilds on the way.
Hoegh LNG Profits Dip
Norway-based owner and operator of floating LNG import terminals, Höegh LNG reported a second quarter profit after tax of US$3.5 million, down from $6.3 million in the first quarter 2016.
MAIB: Multiple Errors in Hoegh Osaka Grounding
A number of reporting and operational errors caused the list and grounding of Höegh Osaka on January 3, 2015 according to an investigation by the Marine Accident Investigation Branch, UK.
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.
Hoegh LNG Pulls Out of FLNG
Norway's Hoegh LNG Holdings is putting its floating LNG (FLNG) development activities on hold and to allocate all resources and capital to its core business, FSRUs…
Hoegh LNG Declares Higher Dividend
Höegh LNG Partners LP announced that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.4125 per unit.
Hoegh LNG Q3 Profits Disappoints
Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.10 as expected.
Hoegh LNG's Bond Issue
Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020.
Hoegh LNG Bags FSRU Deal in Chile
Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay…
Stricken Hoegh Osaka Ready for Transport
Hoegh Osaka’s list is now at 5 degrees, enabling salvors to turn the vessel in the correct direction and transport it from Alpha Anchorage to Southampton Port. The…
