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Awilco LNG sells LNG carrier

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LNG Industry,

Awilco LNG ASA has entered an agreement to sell the WilPower LNG carrier to an undisclosed buyer.

The 125 000 m3 LNG carrier has been in cold lay-up since May 2013. Delivery of the LNG carrier is expected to take place in August 2015, and settlement of the sales proceeds is due upon delivery of the vessel.

A statement on Awilco LNG’s website said: “The sale will contribute with an estimated loss of US$3 million in Awilco LNG’s 2015 financial results.”

Edited from press release by

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