Norway’s Hoegh LNG has reduced its losses in the firstquarter but has seen operating profits fall.
The shipowner and floating LNG player reported a bottom-lineloss of nearly $3.87 million, an improvement on the $4.29 million in losseslogged in the first quarter of 2011.
Hoegh also said it booked $5.8 million in operating profitsduring the period, down 13.4% from $6.7 million a year earlier.
However,
