Hual orders two more PCTC

HUAL has entered into long-term time charter arrangements for 2 large car-carrier new buildings. The vessels will be built at the Uljanik Shipyard in Croatia and will be delivered in the first half of 2007. Leif Höegh will own 49.5% in both vessels, which were ordered by Norwegian shipping investor Peter Gram.

The Pure Car/Truck Carriers (PCTC) are well suited for HUAL’s world wide trades and will have a deck capacity of about 59,000 sqm, two hoistable decks, ample high space capacity and a ramp capacity of 100 tons. The vessels will be technically management by OSM Ship Management in Kristiansand.

HUAL already has seven large Ro/Ro new buildings on order for delivery 2004 to 2007 and further 4 large Ro/Ro new buildings will be taken on long term charter (in addition to three already delivered in 2003). The program of own and chartered in new buildings will be a basis for fleet renewal and expansion to serve HUAL’s customers and meet the demand for flexible PCTC vessels capable of carrying high and heavy cargo in addition to factory new- and second hand cars.