Hoegh LNG Extends Its Option Agreement with HHI for Delivery of Two FSRUs

Höegh LNG Holdings Ltd has extended its option agreements with Hyundai Heavy Industries Co. Ltd. (HHI) for the delivery of two FSRUs, that were to expire by mid December 2011 and mid January 2012, respectively.

Both option agreements are now valid into first quarter 2012. The Company’s third and fourth option agreements are not affected by this agreement.

Höegh LNG is a fully integrated floating LNG services company with almost 40 years experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market. The Company operates a fleet of five LNG marine transportation vessels and two shuttle and regasification vessels (SRVs). In addition to transporting LNG, the SRVs act as floating regasification terminals delivering natural gas to the market.

Hyundai Heavy’s Shipbuilding Division, the world’s number one shipbuilder, leads the shipbuilding industry with a 15% share of the market. The Hyundai shipyard stretches over four kilometers along the coast of Mipo Bay in Ulsan, Korea. The Shipbuilding Division is capable of building all types of ships to meet various demands from its clients. It has nine large-scale dry docks with seven huge ‘Goliath Cranes’. Since the shipyard’s groundbreaking in 1972, Hyundai Heavy’s Shipbuilding Division has garnered many awards and set many records within the shipbuilding industry.

Shipbuilding Tribune Staff, December 23, 2011; Image: hoeghlng

Share this article

Follow World Maritime News

Posted on December 23, 2011

In Depth>

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Posidonia 2016

Posidonia is a firm fixture for the global shipping industry. Every two years it is the essential place for serious business at the largest…

read more >

Breakbulk Europe 2016

Breakbulk Europe’s targeted programming will ensure that you develop skills and strategy to help you do your job more effectively.

New this year, will be several micro-seminars that will take place in the exhibit hall during the exhibition. And we’ll hold a series of conference sessions, featuring VIP shippers and others, over the course of the two-day exhibition.

Visit the Breakbulk Europe Exhibition, a four-day event being held at the Antwerp Expo in Antwerp, Belgium, to network and connect with over 350 exhibitors and sponsors that provide specialized services. Exhibitors and sponsors include specialized ocean carriers, freight forwarders, ports/ terminals, logistics providers, ground transportation, heavy air, export packers, equipment companies and more.

  • Over 7,200 participants attended Breakbulk Europe 2015
  • Meet with over 350 international exhibitors and sponsors
  • Hear from industry experts during the conference sessions
  • Learn new skills in the educational workshops

More info

read more >

5th Black Sea Ports and Shipping 2016

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges covering global…

read more >

7th Annual International Port Security Conference

The SMi Group announces the 7th annual International Port Security Conference. The event will be held in London on the 1st and 2nd of June 2016.

The conference aims to bring together key decision makers in the industry to discuss modern methods of port security and provide effective learning experiences for all delegates through the carefully selected expert speaker line up.

Interacting with delegates from across the globe and hearing from industry leading experts will ensure delegates are up-to-date with high priority information that enables you to best secure your seaports, civilians and means of trade.

Topics to be discussed include terrorism, cyber terrorism, emergency intervention procedures, optimising technology use in security checks and case studies featuring some of the largest ports across the world. Our diverse range of topics will allow delegates to learn best practices for port security and understand further how other ports are resolving core challenges.

More info

read more >