Norwegian owner Awilco LNG has posted a bigger loss for the fourth quarter as the global LNG carrier fleet increased.

Its net deficit to 31 December was $12.58m, from $2.6m in the same period of 2014.

Revenue fell to $8.94m compared to $15.12m, while the full-year loss hit $36.27m against $2.66m in the previous 12 months.

It took an impairment hit on its ships of $8.35m,