Peter Evensen-led TGP, which today announced an order for two more LPG carriers with joint venture partner Exmar, booked net earnings of $29.6m for the three months to 30 September compared to $33.1m for the same leg of 2012.
Adjusted for one off items the result came in higher at $48.2m versus $41.7m for the same period of the prior year.
TGP’s recent investments, including its 50/50 LPG partnership with Exmar and an LNG carrier sale and lease back deal with Awilco, boosted distributable cash flow by 12% to $64m from $57.8m.
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