Awilco LNG sells elderly laid-up gas carriers

Norway’s Awilco LNG has agreed to sell two of its 32- and 33-year-old LNG carriers, which are currently in cold lay up near Galang, Malaysia, according to AIS data.

The 125,000-cbm vessels WilGas (built 1984) and WilEnergy (built 1983) will go to an unnamed buyer for an undisclosed price. A 10% is due to be paid shortly, Awilco said in an exchange filing today. estimates the ships’ combined current market value at $45.83m.

Last July, Awilco sold its then 32-year-old VLGC WilPower (125,000 cbm, built 1983) to an undisclosed buyer for around a $3m loss on its book value.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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