Awilco LNG has signed a new timecharter contract for the ‘WilForce’ with an oil major for a firm duration of about six months.
The contract will contribute an estimated EBITDA of about $17 mill over the charter period, Awilco said.
As previously reported, Awilco had also fixed a three, plus two year option, contract commencing in December, which will be covered by the ‘WilPride’ trading in the spot market until her delivery.
With 20% of US exports suddenly being closed, due the Freeport lNG shutdown, the spot market for LNGCs has been very challenging, as activity and rates have softened.
With both vessels operating in the spot market during the summer these unforeseen events led to unexpected idle periods for Awilco’s vessels, which will influence the results in the second and third quarter of this year, the company advised.
