Awilco LNG has confirmed it is in discussions to consolidate with other LNG players. The announcement comes as rumours swirl it is looking to form a shipowning joint venture with George Economou’s TMS Cardiff Gas and Tor Olav Troim’s Golar LNG.
The three parties are understood to be discussing pooling a fleet of 16 tri-fuel diesel electric propulsion ships into a new company, amid a very buoyant LNG shipping scene at present with rates in excess of $150,000 a day.
Awilco LNG said in a release to the Oslo Bors that the company is working with other shipowners with an aim to establish a consolidated “LNG shipping structure” that may offer scale and create commercial and financial synergies.
Awilco LNG’s CEO Jon Skule Storheill declined to elaborate on the details of the new company when contacted by Splash today.