Höegh LNG Holdings, the Norwegian shipping company acquired in a takeover by Norwegian interests and a unit of US investment bank Morgan Stanley and de-listed, said it was seeking a new Chief Executive and President after Sveinung J. S. Støhle said he was stepping down after 15 years in charge.
Höegh LNG, the Norwegian project company and fleet owner, has applied for an infrastructure ownership, operations and development licence for a joint venture at the port of Vasilikos on the Mediterranean Island of Cyprus with the aim of having an operational termiinal online in about a year.
Hoegh LNG, the Norwegian shipping and project company, said the global market continued to grow as it was selected for three floating storage and regasification unit (FSRU) contracts and with various tenders also being processed as lower natural gas prices are helping import infrastructure demand in Asia.