Freight AS

Höegh Autoliners AS

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In 1927, Mr Leif Høegh founded Leif Höegh & Co and since then Höegh has been a well-recognised name in the international shipping industry. #nl# #nl#The owning and operation of oil tankers came to form the mainstay of Leif Höegh & Co from the early days. However, from a process of transition in the 1960s, the company diversified into new activities, introducing new concepts for transportation. #nl# #nl#Having operated combined oil/bulk/ore carriers (OBO), the company now started transporting cars with lift on/lift off vessels. In 1970, a joint venture was formed with Ugland which shaped Höegh-Ugland Auto Liners (HUAL). This company became the basis for developing Höegh into a world leading RoRo operator. #nl# #nl#In December 1987, Leif Höegh & Co ASA was listed on the Oslo Stock Exchange after merging the various shipowning entities. This consolidation process laid the basis for new development towards a decentralised business model. #nl# #nl#In 1995, Höegh Fleet Services AS was established as a separate ship management entity, serving Leif Höegh & Co's fleet. #nl# #nl#In March 2000, Leif Höegh & Co acquired the other 50% of HUAL and five years later it was renamed to Höegh Autoliners. #nl# #nl#In 2003, the third generation took control of the company. Cousins Leif O. Høegh and Morten W. Høegh made an offer to acquire all outstanding shares in Leif Höegh & Co AS. The offer was well received and the company was privatised and de-listed. #nl# #nl#In 2006, the company was restructured into two separate entities - Höegh Autoliners and Höegh LNG - with a common holding company (Leif Höegh & Co Limited). The ship management expertise is maintained in Höegh Fleet Services. #nl# #nl#In 2008, Höegh Autoliners relocated its shipowning activities from Bermuda to Norway. The same year the company acquired a fleet of 12 car carriers from A.P. Moller - Maersk (APMM) and APMM became a minority shareholder holding 37.5 per cent of the shares in Höegh Autoliners. A year later APMM uses the option to purchase another 1.25 per cent of Höegh Autoliners and the current corporate structure is presented.

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