Norway’s Awilco LNG sharply slimmed its profits in 2022 after what the company said was a “roller-coaster year” but is confident of improved returns for the next two years with both its vessels chartered out on fixed-term deals.
The company’s net profit for 2022 crashed back to $5.8m from $21.1m a year earlier.
Net freight income for the year was also lower at $45.3m,
