Brief: Awilco LNG Discontinues Talks On Consolidated LNG Shipping Structure; Gives Contract Update

Alng ASA

26/11/2019 14:14

Nov 26 (Reuters) - Awilco LNG ASA  ALNG.OL :
    * HAS AGREED WITH OTHER INVOLVED SHIP OWNERS TO DISCONTINUE
DISCUSSIONS REGARDING ESTABLISHING A CONSOLIDATED LNG SHIPPING
STRUCTURE
    * HAS CONTRACTED HISTORICALLY HIGH EARNINGS THROUGH WINTER
PERIOD.
WILFORCE IS CURRENTLY ON AN 80-100 DAY TIME CHARTER CONTRACT
UNTIL FEBRUARY 2020
    * CONTRACT IS ESTIMATED TO CONTRIBUTE A MONTHLY EBITDA OF
ABOUT
MUSD 3.4 DURING CHARTER PERIOD
    * TWO SHIPS ARE EXPECTED TO REPORT AN AVERAGE TCE OF ABOUT
USD
84,000 PER DAY PER VESSEL IN Q4 2019
    * FOR Q1 2020 ABOUT 50 % OF AVAILABLE DAYS ARE BOOKED AT AN
EXPECTED TCE OF ABOUT USD 95,000 PER DAY PER VESSEL
    * COMMITTED 10-YEAR REFINANCING IS ABOUT TO BE COMPLETED,
WHICH
WILL REDUCE DAILY INTEREST COST BY ABOUT USD 10,000 PER VESSEL
AT CURRENT FORWARD INTEREST RATES

Source text for Eikon:  ID:nObihL411a 
Further company coverage:  ALNG.OL 

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