Exmar: LNG Fleet Earns USD 30.5 Million in 2012 (Belgium)

Exmar of Belgium said its LNG operating income was USD 30.5 million last year (compared to USD 31.0 million in 2011).

“The LNG market was one of the most active segments of the shipping industry in 2012. High demand for Natural Gas in Asian countries is expected to last and additional gas production capacities are being built around the world,” the company said in a statement.

Depending on employment of EXCEL (which will be redelivered from the present employment in August 2013) all ships will be fully employed in 2013, the company said.

EXCALIBUR was in dry-dock in the fourth quarter of 2012, which impacted the results of the year with 26 days off-hire.

In the fourth quarter EXMAR also incurred some additional costs for the maintenance and upgrade of its LNG fleet that had a slight impact on the results of the fourth quarter, the company added.

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LNG World News Staff, February 2, 2013; Image: Exmar