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Examples
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Golar's ability to lock in very good hire rates on both the Golar Grand and the reactivated Gimi has validated the Board's views on a market moving toward further strength.
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Gimi successfully reactivated and chartered out during the quarter.
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The Company anticipates that the charter rates for the Hilli could reach levels similar to that of Gimi.
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The increase is primarily as a result of the revenue contribution from Gimi after her reactivation in the third quarter as well as there being no drydocks whereas the Golar Maria was drydocked in the second quarter.
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The Company anticipates that prospects for carrier service for the Gimi look very promising for at least the next 18 months and an annualised EBITDA contribution of more than $16 million for 2012 should be achievable.
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The reintroduction of Gimi, Hilli, and Gandria in the market will secure additional earnings growth for our company in the next quarters while we are waiting for our first newbuildings to come out in 2013.
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Operating income in the fourth quarter is expected to increase further as result of a full quarter of revenue from Gimi.
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After the successful re-activation of Gimi towards the end of August 2011, the vessel was immediately entered into a short term charter which commenced at the beginning of September 2011.
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It was the beginning of a new era for the Gimi people, Mr Temine said.
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It was the beginning of a new era for the Gimi people, Mr Temine said.
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