Leif Höegh & Co
|NYSE: HMLP (Höegh LNG)|
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 is active in the liquefied natural gas industry including LNG carriers. 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.
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.
Until December 2019 sale, the Company used to also have a 50% stake in Euro Marine Logistics that connects Zeebrügge, Esbjerg (Denmark), Gothenburg (Sweden), Drammen (Oslofjord, Norway) and Port of Tyne (UK), providing dedicated short sea services.
Since 2005, a subdivision (Alliance Navigation LLC) was created to provide regular services via three US flagged ships, for cargo and military equipment requiring carriage under American flag.
Facts and accidents
On 25 February 2019, MV Höegh London reported a Crew member casualty while sailing in the Mediterranean Sea from Tanger-Med to Gemlik. 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. The ship requested emergency berthing at Pozzallo port to disembark the seafarer, and undertake an inspection of the ship’s seaworthiness.
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. 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.
Maersk PCTC fleet acquisition
|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||Höegh Kyoto||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.
|Wikimedia Commons has media related to Leif Höegh & Co.|
- MV Höegh Osaka
- List of roll-on/roll-off vessel accidents
- Euro Marine Logistics
- American Roll-on Roll-off Carrier
- Siem Shipping
- Messina Line
- Nippon Yusen Kaisha
- "Our Business". Retrieved 10 January 2015.
- Pierce, Andy (7 January 2015). "Investor shows Hoegh LNG hand". Tradewinds.
- Wright, Robert (30 January 2008). "Maersk sells ships to Norway group". Financial Times.
- "New Höegh service from Valencia". 8 January 2014. Retrieved 7 January 2015.
- "Galveston Terminal Operator and Galveston Stevedore". Retrieved 7 January 2015.
- "MOL acquires full ownership of EML". Hoeghautoliners.com. 20 December 2019. Retrieved 23 December 2019.
- "New service to Drammen in Norway". 25 May 2014. Retrieved 7 January 2015.
- "Hoegh Military service". JOC.com. 13 May 2007. Retrieved 14 December 2020.
- "Höegh Autoliners and Wallem sign Shipman deal". 11 May 2014. Retrieved 7 January 2015.
- Millward, David (4 January 2015). "Crew rescued as car transporter runs aground". Daily Telegraph.
- "Fire breaks out on Hoegh Xiamen". Automotive Logistics. 8 June 2020. Retrieved 11 June 2020.
- "Hoegh Xiamen in Jacksonville". Hoegh Autoliners. 5 June 2020. Retrieved 11 June 2020.
- 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). Oslo: Leif Höegh & Co (special number). 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.