New York-quoted Teekay LNG on Thursday reported net income of $75.2m in the three months to 30 June, against a gain of $39.3m in the comparable period a year prior, as voyage revenues rose to $96.6m from $96.5m year-on-year.

The company generated distributable cash flow of $55.4m, versus $56.8m in the second quarter of 2012, however, a decline it blamed on scheduled dry dockings and reduced charter rates on two of its conventional tankers.

In a statement chief executive Peter Evensen applauded a series of recent milestones like a pair of five-year time charter contracts secured back in June, the exercising and addition of options for LNG carriers anda recent deal with Awilco LNG.

"In addition to our recent announcements, the Partnership is currently involved in several LNG shipping and floating regasification project tenders with start-up dates in the late-2015 through 2017 that would generate further accretive distributable cash flows for the partnership," he added.