LNG

Feb 13 (LNG) - Awilco LNG, the Norwegian-based pure play LNG carrier fleet owner with five vessels, reported full-year freight income of $78.5 million compared with $54.7M in 2013. The shipping company still posted a net annual loss before tax of $2.6M compared with a profit of $1.1M the previous year. Awilo operates two modern 156,000 cubic metres capacity tri-fuel vessels and its three second-hand Japanese-built steam-propulsion ships with Moss storage tanks. The company said vessel utilisation was 86 percent compared with 73 percent in 2013.