Profits at Golar LNG have slipped by 7.2% in the firstquarter as vessel reactivations added to costs.
The John Fredriksen-controlled shipowner reported consolidatednet income of $15.2 million, down from $16.3 million in the same period of lastyear.
Operating costs ballooned to $27.9 million from $17.6million in the first quarter of 2011 as a result of the expense of preparingthe 126,277-cbm Hilli (built 1975) and the 125,820-cbm Gandria (built 1977) for reactivation.
“Given
