Höegh cost reductions

Written by  John McKay
Tuesday, 07 April 2020
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April 7 (LNGJ) - Höegh LNG, the fleet owner and project company, has followed the lead of other firms and suspended dividend payments to shareholders because of the uncertain business environment. Höegh has also cancelled bonus schemes for executive management and onshore personnel for 2020. The cost-saving plan's implementation would additionally focus on overheads and vessel operating costs.

Last modified on Tuesday, 07 April 2020 06:37
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