Leif Høegh & Co. ASA

What can be said about a company that, with a small US$10-12 million maintenance investment, secured a twenty year contract for its 87,657 cubic meter gas carrier built in 1973, ensuring employment for the vessel until it is 49 years old? Moreover, one must keep in mind that the newbuilding price for a standard gas carrier today is pushing US$250 million!

It seems that if Leif Høegh & Co. is playing its cards right in the gas sector with its two 20+ year old vessels, results in its more profitable ventures – particularly the car, reefer and open hatch sectors – can only be expected to improve at rates equal to or better than today’s levels, leaving shareholders and future generations of Høegh’s happy at the prospect of high returns.

This is only an excerpt of Leif Høegh & Co. ASA

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.