Awilco LNG confirms consolidation talks

Awilco-LNG

Awilco LNG has confirmed it is in discussions to consolidate with other LNG players.

Awilco is thought to be discussing with TMS Cardiff Gas and Golar LNG  to pool a fleet of 16 tri-fuel diesel electric propulsion ships into a new company.

Awilco LNG said in a release to the Oslo Bors that the company is working with other shipowners with an aim to establish a consolidated “LNG shipping structure” that may offer scale and create commercial and financial synergies.

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