Awilco LNG refinances fleet

Awilco LNG refinances fleet

Norway’s Awilco LNG has agreed a deal with an Asian-based leasing company for the refinancing of the company’s two 2013-built LNG carriers, WilForce and WilPride.

The refinancing is a sale and leaseback deal, on more favourable terms than the current leaseback deal which runs through to the end of the year.

Awilco LNG says it expects the new financing to close during the fourth quarter of this year.

WilForce is still at Keppel Shipyard in Singapore undergoing repairs following a collision off Singapore in June, while WilPride commenced a new eight-month charter last month.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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