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Highlights 2001

Highlights 2001. The strategy of focusing on RORO and Contract Shipping continued Sale Cool Carriers AB to J.Lauritzen: sales gain 13 MUSD Finalizing sale of Höegh Lines’ Liner operation: delivered to Oldendorff. Sale Teekay Shipping shares (1 548 000): sales gain 36 MUSD

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Highlights 2001

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  1. Highlights 2001 • The strategy of focusing on RORO and Contract Shipping continued • Sale Cool Carriers AB to J.Lauritzen: sales gain 13 MUSD • Finalizing sale of Höegh Lines’ Liner operation: delivered to Oldendorff. • Sale Teekay Shipping shares (1 548 000): sales gain 36 MUSD • Sale Gorthon Lines shares: sales gain 4.5 MUSD continued J:\brukere\BUDE\Corp\Diverse\020214 Results presentation

  2. Highlights 2001 LNG: • Steady expansion based on long term contracts • Entered into 20 years t/c with Statoil (on behalf of the Snøhvit partners) for a 145 000 cbm LNG carrier to be built be Mitsubishi Heavy Industries for LHC jointly with Mitsui O.S.K. Lines Ltd. (subject Stortinget March 2002) • Höegh Galleon entered 17 year t/c with Enron LNG Shipping.

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