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/PRNewswire/ Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2021. Highlights.
Höegh LNG Partners LP Reports Financial Results for the Quarter Ended March 31, 2021
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HAMILTON, Bermuda, May 27, 2021 /PRNewswire/ Höegh LNG Partners LP (NYSE: HMLP) (the Partnership ) today reported its financial results for the quarter ended March 31, 2021.
Highlights
Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is our highest priority
No reported cases of COVID-19; 100% availability of FSRUs for the first quarter of 2021
Reported total time charter revenues of $34.8 million for the first quarter of 2021 compared to $36.7 million of time charter revenues for the first quarter of 2020
Höegh LNG Partners LP Reports Financial Results for the Quarter Ended March 31, 2021 HAMILTON, Bermuda, May 27, 2021 /PRNewswire/ - Höegh LNG Partners LP (NYSE: HMLP) (the Partnership ) today reported its financial results for the quarter ended March 31, 2021.
Highlights · Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is our highest priority · · Reported total time charter revenues of $34.8 million for the first quarter of 2021 compared to $36.7 million of time charter revenues for the first quarter of 2020 · Generated operating income of $31.7 million, net income of $23.8 million and limited partners interest in net income of $20.0 million for the first quarter of 2021 compared to operating income of $13.4 million, net income of $5.5 million and limited partners interest in net income of $1.8 million for
LNG shipping stocks: Still up, but some companies disappeared
The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added more than 2 points or over 2.30% last week. US stocks represented by the S&P 500 (SPX) index added 1.23%.
The LNG market is growing and even LNG shipping becomes consolidating. During the regular rebalance there were removed two constituents of the UP World LNG Shipping Index: Golar LNG Partners LP (ex-NYSE:GMLP) and Höegh LNG (OSE:HLNG). New weight of constituents is published here.
GMLP and its fleet is now part of New Fortress Energy (NYSE:NFE), HMLP is bought by Larus Holding Limited (“JVCo”), a 50/50 joint venture between Leif Höegh & Co. Ltd. (“LHC”) and funds managed by Morgan Stanley Infrastructure Partners. Completion of the acquisition by way of amalgamation was announced on May 4, 2021.