New generation takes its seat at Leif Hoegh

A transfer of power is quietly taking place in the Hoegh shipowning family of Norway. Third-generation shipowner Leif O Hoegh has become a partner in the family's shipping activities along with his uncle Westye, who is chairman of publicly listed Leif Hoegh & Co.

1 February 1996 23:00 GMT Updated 1 February 1996 23:00 GMT

By By Trond Lillestolen

Leif Hoegh & Co, which is 54.3 per cent owned by the Hoegh family, is

listed on the Oslo Stock Exchange, and Westye Hoegh stresses that no

formal family agreement exists for the succession of one generation by

another.

The company, established in 1927 by Leif Hoegh, the father of Westye and

his brother Ove, is one of the largest in Norway.

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Older brother Ove has now scaled down his participation in the company,

although he still holds a seat on the board.