Awilco LNG secures three-year charter deal

Norway-based shipping firm Awilco LNG, owner of two TFDE 156,000-cbm carriers, has won a charter deal with a firm duration of three years.

The charterer is a “leading European LNG importer” and has the option to extend the deal for a period of up to two years bringing the total period to five years, Awilco said on Friday.

Also, Awilco has the option to nominate either of its two vessels, namely WilForce and WilPride.

The LNG shipping firm expects the contract to start in December 2022, subject to customary inspection and vetting acceptance of the nominated vessel.

Awilco said the contract would contribute an annualized Ebtda of about $26 million during the charter period.

The company recently reported that its net profit reached $6 million in January-March, compared to $6.9 million in the same quarter last year. Net profit rose from $5.8 million in the October-December period.

TCE earnings for the first quarter of 2022 reached $78,300 per day compared to $78,600 per day in the fourth quarter.

Most Popular

Top 5 news of the week July 6-12

LNG Prime brings you the five most popular news stories on our platform during the week of July 6-12, 2026.

Chevron pens Western Australian gas supply deal with Alinta

Chevron’s Australian unit has signed a new long-term deal with Alinta Energy to deliver domestic natural gas from its Gorgon and Wheatstone LNG projects and the Woodside-led NWS JV.
spot_img

More News Like This

Awilco LNG appoints interim CEO

Norway's Awilco LNG, the owner of two TFDE LNG vessels, has approved a name change to ALNG and appointed Jens-Julius Ramdahl Nygaard as interim chief executive officer.

Awilco LNG appoints chief commercial officer

Norway's Awilco LNG, the owner of two TFDE LNG vessels, has appointed Niels Rigault as its chief commercial officer as the company enters its next phase of development.

Awilco LNG to change name

Norway's Awilco LNG, the owner of two TFDE LNG vessels, aims to change its name to ALNG as the company enters its next phase of development.

Awilco LNG logs $6.4 million net loss in Q1

Norway's Awilco LNG reported a net loss of $6.4 million in the first quarter of this year, while the company is searching for longer-term employment for its two TFDE vessels.