LEIF HOEGH INTEGRATES HUAL INTO GROUP

LEIF HOEGH INTEGRATES HUAL INTO GROUP    Norwegian shipping group Leif Hoegh & Co. is integrating its car-carrying shipping subsidiary HUAL into the group, following the purchase in March of the outstanding 50-percent shareholding in the company from the Ugland group.
   “With HUAL representing about 70 percent of Leif Hoegh & Co.’s business, it has been decided to implement a new organizational structure and integrate HUAL more closely with Leif Hoegh & Co.,” the Norwegian shipping group said.
   The HUAL brand name will remain and the business activities will continue to be performed under this name.
   Leif Hoegh & Co. has also appointed a new management team at HUAL.
   Karl Terjesen has been appointed president of HUAL and a member of Leif Hoegh & Co.’s    group management.
   Per-Gustav Lyng's has been named executive vice president in charge of marketing, traffic and operation for all deep-sea trades.
   Niels Ronald Bugge has been appointed executive vice president in charge of strategy/business development, chartering, maritime services, information systems and quality assurance.
   Knut Hundhammer, presently senior vice president, financial and maritime services, will leave HUAL at the end of this year. He will in this period work closely with Bugge to ensure a smooth transition, and also to oversee the completion of a number of projects he has initiated.
   Karl Kr. Hauger, senior adviser, will continue in this position as a support function for the new management until March 2001.
   Leif Hoegh & Co. said that another consequence of the reorganization is that the Oslo head office of HUAL will move from the present offices at Dronningensgt. 40 to the Leif Hoegh & Co. offices at Wergelandsveien 7, also in Oslo. The relocations are expected to be completed by Jan. 15.
   The Hoegh group has concentrated its activities on the car-carrying and roll-on/roll-off shipping business in the last two years. In 1998, it sold its multi-purpose business, Hoegh Lines, to the Oldendorff group.