Teekay LNG Reports 1Q Results

Thursday, May 04, 2006
Teekay LNG Partners L.P. reported net income of $0.8m for the three months ended March 31 compared to net income of $41.9m for the three months ended March 31. The results for the first quarters of 2006 and 2005 include a $7.8m foreign currency exchange loss and a foreign currency exchange gain of $45.0m. Nearly all of Teekay LNG's foreign currency exchange gains and losses are unrealized. The Partnership generated $17.6m of distributable cash flow. Teekay GP L.L.C., the general partner of Teekay LNG, has declared a cash distribution of $0.4625 per unit for the first quarter of 2006, representing a total cash distribution of $16.5m. The cash distribution is payable on May 15 to all unitholders of record on May 10.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Hapag-Lloyd Buys Two Boxships

Hapag-Lloyd has bought two 2015-built, 3,500 teu wide-beam design containerships for deployment in its South America trades for an undisclosed price from NileDutch,

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

BAE Systems Awarded £201m to Advance Successor Sub Design

The U.K. Ministry of Defence (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.   The

Finance

Maersk Falls into the Red

Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0650 sec (15 req/sec)