Awilco LNG secures time charter contract

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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