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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
Market Update
Welcome to Conyers’ 2021 Norway Practice Bulletin. Our annual publication underscores the importance of the Norwegian market to our Bermuda corporate practice.
The 12 months since our last issue have been very different, to say the least, and something of a roller-coaster with second and third waves of Covid-19.
In general, 2020 was an especially difficult year for raising capital in the shipping sector. Across the segments total raised capital dropped 52% on 2019, according to Norwegian investment bank Fearnley Securities.
Nonetheless, Oslo-listed Bermuda companies in the shipping and offshore energy sectors completed some offerings, including:
Stolt-Nielsen’s US$180.5 million bond offering in June 2020