May 27 (LNGJ) - Awilco LNG, the small Norwegian-based company with two 156,000 cubic metres capacity vessels, the “WilForce” and the “WilPride”, said that the company had received the judgement on the liability of the “WilForce” after its involvement in a collision with another vessel off Singapore in May 2019. “As expected, the other vessel was found to have caused the accident and appointed 75:25 liability and the cost of the case. The judgment is open for appeal and an update will be given in due course,” said Awilco.
The statement came as Awilco reported earnings of $6.0 million for the first quarter compared with $5.8M posted in the previous quarter. Freight income for the ships amounted to $14.1M, down from $14.5M in the previous quarter. “We are pleased to deliver another strong quarterly result and a time charter equivalent of $78.300 per day as both our vessels sailed on fixed-rate contracts throughout the quarter,” said Jon Skule Storheill, Awilco’s Chief Executive.
