Awilco secures new charter for LNG carrier

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

The contract is scheduled to commence in July, and will contribute an annualised EBITDA of about $23m during the charter period.

Awilco LNG currently owns two 156,000 cu m LNG carriers, WilForce and WilPride. Last Thursday, WilForce was struck by another vessel off Singapore and is currently undergoing a class inspection and hull repairs.

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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