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 Callum O'Reilly
Read the article online at: https://www.lngindustry.com/lng-shipping/02072015/awilco-lng-sells-lng-carrier-977/