New Norwegian LNG fleet owner Awilco posts positive results

Wednesday, 23 November 2011

Awilco LNG, the Norwegian-listed carrier company with three vessels in operation and two more on order, posted a jump in revenues because of "high activity" in the LNG spot market.

Awilco reported freight income of $12.3 million in the third quarter compared with $1.6 in the second quarter just after it had begun operations with its fleet of three second-hand Japanese LNG carriers.


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