Hoegh LNG Partners LP reported a first quarter loss due to unrealised losses on interest rate swaps.

US-listed Hoegh Partners reported a $1m net loss for the quarter compared to a profit of $2.5m a year earlier. The result included unrealized losses on derivative instruments. Excluding those losses, net income was $7.6m, an increase of 19% from a year earlier.

Hoegh Partners reported a loss of $0.10