ALNG - Vessel update

On May 30, 2019, WilForce was struck by another vessel off Singapore. No crew injuries or spills have been reported onboard the WilForce. The vessel is now en route to yard in Singapore for class inspection and hull repairs. It is currently unclear how long the vessel will be offhire. The vessel has full insurance cover for repair expenses and loss of hire, subject to a deductible. Based on a preliminary assessment of facts Awilco LNG holds the other vessel fully and completely liable for the collision, and the Company expects to recover all costs, losses and expenses including deductibles in due course.

For further information please contact:

Jon Skule Storheill
Chief Executive Officer
Telephone: (47) 22 01 42 09
Mobil: (47) 91 34 43 56

Øyvind Ryssdal
Chief Financial Officer
Telephone: (47) 22 01 42 81
Mobil: (47) 920 14 029