Highlights fourth quarter
- Awilco LNG ASA (Awilco LNG or the Company) reported
freight income of MUSD 17.7 (MUSD 20.8 in Q3 2014) and
EBITDA of MUSD 8.5 (MUSD 10.9 in Q3 2014).
- WilGas redelivered from 3 year charter with Petrobras in
mid-October, and subsequently fixed for two short charters
which employed her until mid-February 2015.
- Vessel utilisation of 78 % compared to 86 % in Q3 2014
(trading vessels).
Highlights for the year 2014
- Full year freight income of MUSD 78.5 (MUSD 54.7 in
2013).
- Full year EBITDA of MUSD 41.0 (MUSD 16.6 in 2013).
- Net loss before tax of MUSD 2.6 (profit of MUSD 1.1 in
2013).
- Vessel utilisation of 86 % compared to 73 % in 2013
(trading vessels).
Oslo, 13th February 2015
For further information please contact:
CFO Snorre Schie Krogstad
Phone: +47 9085 8393
About Awilco LNG ASA
Awilco LNG is a Norwegian based pure play LNG
transportation provider, owning and operating LNG vessels
intended for international trade. The Company currently
owns two 156,000 cbm TFDE membrane
LNG vessels; WilForce and WilPride, and three 125,000 cbm
steam Moss type LNG vessels; WilGas, WilPower and
WilEnergy. We have an industrial approach and a long-term
commitment to the sector.
The Company is listed on Oslo Axess with the ticker code
ALNG.