Stohle sounds FSRU contract confidence

Chief executive talks up newbuilding deal potential; suggests conversion could follow.

30 May 2016 15:17 GMT Updated 31 May 2016 10:41 GMT

Hoegh LNG has whet investor appetite for a fresh round of FSRU contract awards and suggested a conventional LNG carrier newbuilding could be up for conversion.

Chief executive Sveinung Stohle says the owner is hopeful of securing work for its FSRU#7, which is set for delivery in March 2017.

Stohle explained on the owner’s first quarter earnings call it is bidding for three separate projects for the vessel and sees no reason why a contract will not be in place way before delivery.