Mads Zacho

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Nordea Investment Management AB (NIM) is the Swedish investment management subsidiary of Nordea Asset Management Holding AB, itself a subsidiary of Nordea Bank ABp (HEL: NDA-FI, ADR: NRBAY) in Finland. Founded in 1954 as Merita Nordbanken Investment Management, the firm became Nordea Investment Management AB in 2001 when the Nordea name, an abbreviation of Nordic ideas, replaced Unibank, Nordbanken, Merita and Christiania Bank in a joint renaming operation. Headquartered in Stockholm, NIM manages a range of Swedish funds including pension funds, hedge funds, Luxembourg-domiciled SICAVs and funds registered in other Nordic countries for institutional clients.

Nordea Investment Management AB (NIM) is the Swedish investment management subsidiary of Nordea Asset Management Holding AB, itself a subsidiary of Nordea Bank ABp (HEL: NDA-FI, ADR: NRBAY) in Finland. Founded in 1954 as Merita Nordbanken Investment Management, the firm became Nordea Investment Management AB in 2001 when the Nordea name, an abbreviation of Nordic ideas, replaced Unibank, Nordbanken, Merita and Christiania Bank in a joint renaming operation. Headquartered in Stockholm, NIM manages a range of Swedish funds including pension funds, hedge funds, Luxembourg-domiciled SICAVs and funds registered in other Nordic countries for institutional clients.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

TORM A/S owns and operates pure-play product tankers. It transports refined oil products such as gasoline, jet fuel, naphtha, and diesel oil. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in Hellerup, Denmark.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

J. Lauritzen A/S engages in the provision of ocean transport solutions. Its business portfolio includes Lauritzen Bulkers and Lauritzen Kosan. The company was founded in 1884 and is headquartered in Hellerup, Denmark.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

J. Lauritzen A/S engages in the provision of ocean transport solutions. Its business portfolio includes Lauritzen Bulkers and Lauritzen Kosan. The company was founded in 1884 and is headquartered in Hellerup, Denmark.

J. Lauritzen A/S engages in the provision of ocean transport solutions. Its business portfolio includes Lauritzen Bulkers and Lauritzen Kosan. The company was founded in 1884 and is headquartered in Hellerup, Denmark.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.

Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operated in 2008 approximately 70 PCTCs (Pure Car and Truck Carriers) in global trade systems which are managed from a worldwide network of 31 offices in four regions. Customers include global manufacturers of new cars, heavy machinery and rolling goods. In 2008, Höegh Autoliners carried about 2.0 million car equivalent units (ceu) and made almost 3,100 port calls. A service provider with modern, flexible and efficient vessels The Höegh Autoliners fleet is designed for maximum flexibility to cater for the variety of rolling stock carried in the various trades. The company has expanded its carrying capacity through acquisitions, new buildings and lengthening of existing vessels, and has contracts for further new buildings for delivery 2009-2012. The current fleet includes 47 owned PCTCs with capacity ranging from 2300 to 7800 ceu for deep-sea trades. In addition, Höegh Autoliners is partner in a joint venture which is supplying three purpose-built Ro/Ro vessels on long-term charter to Airbus for transporting aircraft components and subassemblies in Europe. Höegh Autoliners is continuously investing in developing ship design and specification to enhance and improve efficiency and environmental impact. Strategy The global PCTC market has a positive growth based on increased globalization and growth in emerging markets. Höegh Autoliners' strategy is to continue its growth in this market based on providing high quality and efficient port-to-port transportation services to its customers' global distribution chain. Key success factor in this strategy is to leverage and further develop the company's core competence. Höegh Autoliners has a strong financial and strategic position which enables the company to respond quickly to customer demand for increased capacity and enhanced service offerings. The company is committed to limiting its impact on the environment and performing its business in a socially responsible way.