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Shipowner eying Oslo Stock Exchange or junior Oslo Axess as it seeks cash for FSRU expansion.
Eric Martin in London
16 May 2011 12:08 GMT
Hoegh LNG has applied for a listing on the Oslo Stock Exchange as it seeks to raise funds for an floating regasification expansion.
The exchange said today that the Norwegian shipowner's application includes an option to list instead on the junior Oslo Axess exchange.
The Leif Hoegh-controlled outfit launched a private placement last week seeking to raise between $175 million and $225 million and has been targeting June to launch the public listing.
The parent company aims to keep 55% to 60% of Hoegh LNG following the placement.
The fund-raising effort follows a letter of intent recently signed with South Korean shipyard Hyundai Heavy Industries for a pair of floating storage and regasification units. The private placement along with debt financing will fund the deal.
The LOI includes options for up to four more FSRUs.
DnB NOR Markets, ABG Sundal Collier and Pareto Securities have been appointed as joint lead managers in the cash drive and bookrunners for the upcoming transaction, whilst Danske Bank and Nordea Markets will act as co-managers.
http://www.lngunlimited.com/shipping/article256644.ece
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http://www.oslobors.no/Oslo-Boers/Notering/Nye-aksjenoteringer/Hoeegh-LNG-Holding-Ltd
http://www.hoegh.com/hoegh/shipping/hoegh_lng/
Shipowner eying Oslo Stock Exchange or junior Oslo Axess as it seeks cash for FSRU expansion.
Eric Martin in London
16 May 2011 12:08 GMT
Hoegh LNG has applied for a listing on the Oslo Stock Exchange as it seeks to raise funds for an floating regasification expansion.
The exchange said today that the Norwegian shipowner's application includes an option to list instead on the junior Oslo Axess exchange.
The Leif Hoegh-controlled outfit launched a private placement last week seeking to raise between $175 million and $225 million and has been targeting June to launch the public listing.
The parent company aims to keep 55% to 60% of Hoegh LNG following the placement.
The fund-raising effort follows a letter of intent recently signed with South Korean shipyard Hyundai Heavy Industries for a pair of floating storage and regasification units. The private placement along with debt financing will fund the deal.
The LOI includes options for up to four more FSRUs.
DnB NOR Markets, ABG Sundal Collier and Pareto Securities have been appointed as joint lead managers in the cash drive and bookrunners for the upcoming transaction, whilst Danske Bank and Nordea Markets will act as co-managers.
http://www.lngunlimited.com/shipping/article256644.ece
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http://www.oslobors.no/Oslo-Boers/Notering/Nye-aksjenoteringer/Hoeegh-LNG-Holding-Ltd
http://www.hoegh.com/hoegh/shipping/hoegh_lng/
17/5 2011 07:11 fcras 042529 Höegh Autoliners / Maersk 37,5%
Höegh Autoliners is a privately owned shipping company with two owners: Leif Höegh & Co. (62,5 per cent) and A.P. Moller - Maersk A/S (37,5 per cent). The company is a leading global provider of transporation and logistics solutions in the Ro/Ro segment, offering a broad range of services to customers throughout the world.
Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operates approximately 70 Pure Car and Truck Carriers (PCTCs) in global trade systems which are managed from a worldwide network of 30 offices. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2 million car equivalent units (CEU) and made almost 3,100 port calls.
In the first quarter of 2008, Höegh Autoliners welcomed A.P. Moller - Maersk as a new owner. Leif Höegh & Co. will retain its position as majority shareholder in Höegh Autoliners, while A.P. Moller - Maersk will have 37,5 per cent stake in the company. At the same time, Höegh Autoliners acquired A.P. Moller - Maersk's fleet of 18 car carriers (including six newbuildings).
Vessels already ordered by the company, including those aquired from A.P. Moller - Maersk, will grow Höegh Autoliners' carrying capacity by about 45 per cent, expanding the company's fleet to 85 ships in 2012.
Höegh Autoliners pursues a customer-diven growth strategy based on the company's core competence in port-to-port transportation and providing efficient transportation services to our customer's global distribution chains.
Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.
Website:
http://www.hoeghautoliners.com
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http://www.hoegh.com/hoegh/shipping/hoegh_autoliners/
Höegh Autoliners is a privately owned shipping company with two owners: Leif Höegh & Co. (62,5 per cent) and A.P. Moller - Maersk A/S (37,5 per cent). The company is a leading global provider of transporation and logistics solutions in the Ro/Ro segment, offering a broad range of services to customers throughout the world.
Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operates approximately 70 Pure Car and Truck Carriers (PCTCs) in global trade systems which are managed from a worldwide network of 30 offices. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2 million car equivalent units (CEU) and made almost 3,100 port calls.
In the first quarter of 2008, Höegh Autoliners welcomed A.P. Moller - Maersk as a new owner. Leif Höegh & Co. will retain its position as majority shareholder in Höegh Autoliners, while A.P. Moller - Maersk will have 37,5 per cent stake in the company. At the same time, Höegh Autoliners acquired A.P. Moller - Maersk's fleet of 18 car carriers (including six newbuildings).
Vessels already ordered by the company, including those aquired from A.P. Moller - Maersk, will grow Höegh Autoliners' carrying capacity by about 45 per cent, expanding the company's fleet to 85 ships in 2012.
Höegh Autoliners pursues a customer-diven growth strategy based on the company's core competence in port-to-port transportation and providing efficient transportation services to our customer's global distribution chains.
Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.
Website:
http://www.hoeghautoliners.com
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http://www.hoegh.com/hoegh/shipping/hoegh_autoliners/
