Awilco Wraps Up Sale of LNG Carrier Duo

Image Courtesy: Awilco LNG

Norwegian liquefied natural gas (LNG) transportation provider Awilco LNG ASA has completed the sale of two 125,000 cbm LNG carriers WilEnergy and WilGas.

Following the sale, the 1983-built WilEnergy and the 1984-built WilGas were delivered to an unknown Far Eastern buyer, according to data provided by VesselsValue.

The gross sales price for the two vessels was USD 31.6 million, Awilco said, adding that the sale would contribute with a net positive cash effect of USD 32.2 million including bunkers and lubes settlement for Awilco LNG.

The company said that the sale of the LNG carriers, which were in cold lay-up, would contribute with an estimated loss of USD 6.6 million in Awilco LNG’s 2016 financial results.

The sale was announced on June 1, when the company opted to dispose of the two vessels amid a weak LNG freight market which continued in the early part of 2016.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >