Marginal profit for Awilco

A slow market trends have resulted in Awilco LNG (ALNG) posting a marginal profit in the second quarter of 2014.

Profit was just $200,000 for the three months to the end of June, up from the first quarter when the company broke even.

ALNG said reduced demand in the Far East had taken spot rates to the lowest level since 2010.

Ton-mile demand and LNG production also declined during the quarter to the lowest level in four years.

ALNG owns five vessels in total.

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