Awilco LNG has reported a wider loss in the second quarter at the same time as emerging victorious from arbitration against a Chinese buyer.
The Oslo Axess-listed company saw its red ink for the period run to $11.5m, compared to $4.6m a year earlier.
An impairment loss of $6.6m was recorded during the quarter from the sale of two 1980s-built ships, which TradeWinds has reported as taken by Sinokor Merchant Marine.
Lower
