CorporateEurope

Awilco LNG says CFO resigns

By LNG Prime Staff
Awilco LNG says CFO resigns
Image: Awilco LNG

Norway-based shipping firm Awilco LNG announced the resignation of its chief financial officer Øyvind Ryssdal after almost nine years in the role.

Ryssdal, who has been with the company since 2012, has given notice that he will leave the firm to “pursue other career opportunities outside the industry.”

Awilco LNG said it has launched the process of finding his successor and Ryssdal would continue in his current role during his notice period through January 2021 to ensure continuity.

“I would like to thank Øyvind for his hard work, dedication and professionalism in his years with the Company. Although I regret Øyvind is leaving I wish him the best in his new endeavours,” said Awilco LNG CEO Jon Skule Storheill.

Awilco LNG has currently two TFDE 156,000-cbm LNG carrier in its fleet, namely WilForce and WilPride.

Most Popular

Vessels

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.
Sponsored Content

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.
LNG Terminals

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Corporate

Awilco LNG logs $3.1 million net loss in Q2

Norway's Awilco LNG reported a net loss of $3.1 million in the second quarter of this year, saying the "exceptionally weak" market for LNG shipping continued into the second quarter. The firm also said that the charterer of its vessel WilPride did not exercise its option to extend the charter deal.
Corporate

Awilco LNG logs net loss due to weak market

Norway's Awilco LNG reported a net loss of $3.3 million in the first quarter, saying that its 2013-built LNG carrier, WilForce, traded in an "exceptionally weak" market.
Vessels

Awilco seeks work for one LNG carrier

Norway's Awilco LNG is looking to secure employment for its 2013-built 156,000-cbm LNG carrier, WilForce. The carrier is currently available in a "very challenging" spot market with market rates below operating expenses, the firm says.
Corporate

Awilco LNG reports net loss due to weak spot market

Awilco LNG owns two 156,000 cbm TFDE LNG vessels, WilForce and WilPride. Third-quarter net loss of $0.3 million compares to...

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA