Total income USD 29.5 million, up 6 % from USD 27.7 million in the first quarter 2012
Operating profit before depreciation USD 7.5 million, up from USD 5.8 million in the first quarter 2012
Loss before tax USD 7.6 million, compared to a loss of USD 3.9 million in the first quarter 2012
Replaced an obligation to acquire 50 % of STX Frontier with a right to acquire 100 % of the vessel within the second quarter 2013
Subsequent events
Commitment letters received from five international banks for a USD 299 million Limited Recourse Facility for the debt financing of the FSRU and Mooring system to be located in Indonesia
A time charter entered into with Gas Natural for LNG Libra
GDF Suez Cape Ann to become China's first floating LNG import terminal
"While we have increased our total income in the first quarter by six percent year-on-year, we are also pleased to have secured long-term debt financing of our FSRU project in Indonesia and secured employment for LNG Libra."
Source: Höegh LNG
News Content
Höegh LNG - Interim results for the quarter ended 31 March 2013
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