Awilco LNG secures time charter contract

Norwegian LNG vessel owner Awilco LNG has secured a contract from an undisclosed oil and gas major for the time charter of the 2013-built 156,000 cu m LNG carrier WilForce.

The tri-fuel diesel electric LNG carrier has been committed on a 9-12 month time charter.

The contract is expected to commence in September, subsequent to scheduled drydocking of the vessel, and is estimated to contribute an annual EBITDA of about $26m during the charter period.

Awilco LNG currently owns two 156,000 cu m LNG carriers, the WilForce and the WilPride.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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