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Leif Höegh & Co

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Leif Höegh & Co. Holdings AS
Company typePublic
NYSE: HMLP (Höegh LNG)
IndustryShipping
Founded1927
HeadquartersNorway
Area served
Worldwide
Websitewww.hoegh.com

Leif Höegh & Co is an international shipping company, founded in 1927 by Norwegian Leif Høegh (1896-1974). Since 2006 the company has been structured as two separate entities, Höegh Autoliners and Höegh LNG, with Leif Höegh & Co acting as a common holding company.

Höegh LNG

Höegh LNG is active in the liquefied natural gas industry including LNG carriers.[1] As of January 2015, it is 44.6 owned by Leif Höegh. The largest investors are Allianz, Fairview Capital and Nordea. The Baupost Group announced that it controlled 5.26% of shares for its clients.[2]

Höegh Autoliners

Höegh Autoliners operates pure car/truck carrier (PCTC) vessels, and its main business is the maritime transport and distribution of cargo such as automobiles, trucks, trailers, Mafi roll trailers, heavy construction machinery and further types of rolling freight.

In 1970 a joint venture in between Höegh and Ugland Auto Liners (HUAL) was formed to develop a new leading RORO operator. Then in March 2000 Leif Höegh & Co acquired the remaining 50% of HUAL, renaming the company Höegh Autoliners, as known today.

In 2008 A.P. Moller became a minority shareholder in Höegh Autoliners, holding 37,5 per cent of shares.

As part of its relationship with Maersk, Höegh Autoliners took over twelve Maersk ships in 2008 (plus the contract of six to be built).[3]

Since January 2014, its Europe/USA routes have included Valencia to Baltimore, Jacksonville, New York and Galveston.[4][5]

Until December 2019 sale, the Company used to also have a 50% stake in Euro Marine Logistics[6] that connects Zeebrügge, Esbjerg (Denmark), Gothenburg (Sweden), Drammen (Oslofjord, Norway) and Port of Tyne (UK), providing dedicated short sea services.[7]

Facts and accidents

In May 2014 it was announced that nine Höegh Autoliners PCTC vessels would be managed by Wallem which would deliver technical and crew management from Wallem's Singapore base.[8]

In January 2015 the MV Höegh Osaka was en route from Southampton to Bremerhaven when accidentally grounded, requiring salvage.[9]

On 25 February 2019, MV Höegh London reported a Crew member casualty while sailing in the Mediterranean Sea from Tanger-Med to Gemlik.[10] The vessel faced an extremely serious storm, that caused severe rolling and consequent unexpected movements of her cargo on the decks. Several vehicles were damaged, and also the bulkhead structure was cracked in several points, with seawater entering in her holds. While the Crew was verifying the seriousness of the damages and attempting the cargo re-lashing, a Chinese Crew member was hit by a heavy machinery, reporting life threatening injuries and soon after died on board.[11] The ship requested emergency berthing at Pozzallo port to disembark the seafarer, and undertake an inspection of the ship’s seaworthiness.[12]

On 4 June 2020, a serious fire started on mv Höegh Xiamen while alongside Jacksonville Blount Island port, and lasted for 3 full days, before having being successfully extinguished by Jacksonville fire brigades.[13]The vessel, before been finally declared a total loss, was under Grimaldi Group time chartering and operation, for discharging and loading cars and used high and heavy machineries, on a regular monthly service in between Europe and US.[14]

  • Höegh Target
    Höegh Target
  • Höegh Amsterdam
    Höegh Amsterdam
  • Höegh Trapper
    Höegh Trapper
  • Höegh Jeddah
    Höegh Jeddah
  • Höegh Shanghai
    Höegh Shanghai
  • Höegh Trident
    Höegh Trident
  • Höegh Trove
    Höegh Trove
  • Höegh America
    Höegh America

Maersk PCTC fleet acquisition

Höegh Masan
Maersk Willow
Maersk Wind
Höegh Masan at berth
MAERSK NAME HÖEGH NAME FUNNEL - MAERSK CHARTER TO
Maersk Cloud Höegh Cochin MOL
Maersk Sea Höegh Chennai MOL
Maersk Sun Höegh Mumbai MOL
Maersk Taiki Höegh Pusan NYK
Maersk Taiyo Höegh Kunsan NYK
Maersk Teal Höegh Masan WWL
Maersk Tide Höegh Incheon NYK
Maersk Wave Höegh Yokohama WWL
Maersk Welkin Höegh Chiba NYK
Maersk Willow Alliance Fairfax MOL
Maersk Wind Höegh Osaka WWL
Maersk Wizard Höegh Kobe NYK

Maersk Crest (ex mv Rich Queen) was sold to NYK in 2007, and renamed Tigris Leader.


See also

Wikimedia Commons has media related to Leif Höegh & Co.

References

Notes

  1. ^ "Our Business". Retrieved 10 January 2015.
  2. ^ Pierce, Andy (7 January 2015). "Investor shows Hoegh LNG hand". Tradewinds.
  3. ^ Wright, Robert (30 January 2008). "Maersk sells ships to Norway group". Financial Times.
  4. ^ "New Höegh service from Valencia". 8 January 2014. Retrieved 7 January 2015.
  5. ^ "Galveston Terminal Operator and Galveston Stevedore". Retrieved 7 January 2015.
  6. ^ "MOL acquires full ownership of EML". Hoeghautoliners.com. 20 December 2019. Retrieved 23 December 2019.
  7. ^ "New service to Drammen in Norway". 25 May 2014. Retrieved 7 January 2015.
  8. ^ "Höegh Autoliners and Wallem sign Shipman deal". 11 May 2014. Retrieved 7 January 2015.
  9. ^ Millward, David (4 January 2015). "Crew rescued as car transporter runs aground". Daily Telegraph.
  10. ^ https://www.fleetmon.com/maritime-news/2019/25329/hoegh-car-carrier-damaged-storm-mediterranean-inte/
  11. ^ https://www.vesseltracker.com/en/Ships/Hoegh-London-9342205.html
  12. ^ https://www.aibn.no/Marine/Investigations/19-210
  13. ^ "Fire breaks out on Hoegh Xiamen". Automotive Logistics. 8 June 2020. Retrieved 11 June 2020.
  14. ^ "Hoegh Xiamen in Jacksonville". Hoegh Autoliners. 5 June 2020. Retrieved 11 June 2020.

Bibliography

  • Bakka, Dag (1997). Höegh: Shipping through Cycles: Leif Höegh & Co, 1927-1997. Oslo: Leif Höegh & Co. ISBN 8291258074.
  • Crowdy, Michael (1968). Leif Höegh & Co. A/S, Oslo: the firm and the fleet, 1928-1968. Kendal, England: World Ship Society. OCLC 2430077.
  • Egeland, John O. (1975). "Leif Høegh: verket og mannen" [Leif Höegh: The Works and the Man]. Høegh Tidende (in Norwegian) (special number). Oslo: Leif Höegh & Co. OCLC 500037125.
  • Høegh, Leif (1970). I Skipsfartens Tjeneste [In Shipping Service] (in Norwegian). Oslo: Gyldendal Norsk Forlag. OCLC 479075867.
  • Tenold, Stig (2006). Tankers in Trouble: Norwegian shipping and the crisis of the 1970s and 1980s. Research in Maritime History series, no. 32. St. John's, Nfld, Canada: International Maritime Economic History Assoc. ISBN 0973893427.
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