Contracts and TendersEurope

Awilco LNG secures three-year charter deal

By LNG Prime Staff
Awilco LNG secures three-year charter deal
Image: Awilco LNG

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.

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