Exmar: LNG Fleet Earns USD 8.4 Million in Q3 (Belgium)

Exmar reported its results for the third quarter of 2012.

LNG

The LNG fleet contributed USD 8.4 million to the operating result (EBIT) of the third quarter (compared to USD 7.9 million for the same period in 2011).

The current EXMAR fleet (LNG/c’s and LNGRV’s) was in full operation on time charter during the third quarter apart from the expected off hire on the drydocking of the EXCALIBUR (12 days recorded in the third quarter with a further 14 days to be recorded in the fourth quarter).

Results for fourth quarter are expected to be in line with the third quarter. As from redelivery from its last charter at the end of September 2012, EXCEL has been idle. A number of short to medium term employment discussions are still active for her. In the meantime EXCEL continues to be supported by a minimum revenue undertaking from a third party.

[mappress]
LNG World News Staff, October 29, 2012; Image: Exmar