Hints and tips:
...Along with Scandinavian rival Höegh Autoliners and Japanese conglomerates NYK Line, MOL and K Line, WW dominates an industry that transports cars built in Japan, South Korea and China to markets in Europe...
...So why is Norway’s Höegh LNG Partners about to close on what analysts call a “materially inadequate” takeover offer?...
...Excelerate’s competitors include New Fortress Energy of the US, Norway’s Hoegh LNG and Greece-based GasLog....
...Vessels can be built for about $300m or existing LNG tankers can be converted to give them regasification abilities, with companies such as Texas-based Excelerate Energy and Norway’s Höegh LNG focusing on...
...loans as well as greenfield investments in new projects....
...The 180-metre vessel, which is being assessed for stability before a salvage operation can be carried out, belongs to a fleet of 60 car carriers run by Norway-based Höegh Autoliners and is registered in...
...The ship belongs to a fleet of 60 car carriers run by Norway-based Höegh Autoliners and is registered in Singapore....
...Separately, Höegh Autoliners, the owner of a commercial ship called the Höegh St....
...Liberty Natural Gas and Höegh LNG of Norway are seeking to build a liquefied natural gas port offshore to deliver batches by ship during cold snaps....
...Sveinung Støhle, chief executive of Norway’s Höegh LNG, another tanker operator, said the market was likely to remain “very tight” until 2013 or 2014 and, after that, the completion of new LNG export facilities...
...The plunge in volumes following the financial crisis led many of the six big operators – NYK Line, K Line and Mitsui OSK, Korea’s Eukor and Norway’s Wallenius Wilhelmsen and Höegh Autoliners – to shed capacity...
...Carl-Johan Hagman, chief executive of Oslo-based Höegh Autoliners, said that European seaborne car exports to China had grown to an expected 500,000 this year, from 20,000 in 2005....
...The upturn has prompted two LNG shipping companies – Awilco LNG and Höegh LNG, both of Norway – to announce plans to raise new capital to fund investments and list on the Oslo stock exchange....
...In 2008, the group sold its car-carrying ships to Norway’s Höegh Autoliners, while in December last year it sold the Norfolkline ferry business to Denmark’s DFDS....
...Wilhelmsen’s co-investor in Wallenius Wilhelmsen and Eukor – is privately held, as is Norway’s Höegh Autoliners....
...Mr Andersen also sees no scope for further disposals such as that of Norfolkline to DFDS, currently under way, or of Maersk’s car carrier business to Hoegh Autoliners of Norway....
...He previously sold the company’s car carrier operations to Norway’s Höegh Autoliners, while he last year bought Sweden’s Broström in a transaction that made the Danish group the world’s largest operator...
...Maersk offloaded its car carriers last year to Norway’s Hoegh Autoliners but in return took a 37.5 per cent stake in the Oslo-based company....
...Carl-Johan Hagman, chief executive of Höegh Autoliners, said that the past five to six years had seen unprecedented growth for the sector, which had now come to an end....
...Such steps are likely to allow all the main operators – Korea’s Eukor and Japan’s Mol and K Line as well as Wallenius Wilhelmsen, NYK Line and Höegh – to survive, one specialist shipbroker says....
...The group profit increase was partly down to greater sales on disposals, including a $206m gain on the sale of the group’s car-carrying ships to Norway’s Höegh Autoliners, in return for a stake in the Oslo-based...
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