Höegh LNG in major dive in 1st half of the year

Norwegian LNG carrier Höegh LNG lost revenue as well as profit in the first half of the year. The company expects to regain the lost business ahead of the winter months.

BY LOUISE VOGDRUP-SCHMIDT

Höegh LNG has published a 2nd quarter interim report that shows a decline in revenue in the first half of the year, compared to the first half of 2013. Revenue dropped from USD 42.7 million to USD 32.3 million, and the deficit increased - from a loss of USD 6.1 million to a deficit of USD 8.5 million.

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