Awilco LNG ASA 2016 AR2
The report outlines Awilco LNG's operational and financial performance for the fiscal year 2016. During the year, the company sold its first-generation vessels, WilGas and WilEnergy, for net proceeds of USD 32.2 million, leaving a fleet of two modern TFDE membrane vessels, WilForce and WilPride. Financially, the company recorded freight income of USD 34.8 million and an EBITDA of USD 19.8 million, though it experienced a net loss of USD 22.8 million due to challenging spot market conditions. On the sustainability front, the company maintained a zero Lost Time Injury Frequency (LTIF) and reported zero environmental spills, while continuing its commitment to reducing emissions through the use of LNG boil-off gas for vessel propulsion.
Company: Awilco LNG ASA
Sector: Transport & logistics
Country: Norway
Year: 2016
Type: AR2
Pages: 51
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Awilco LNG ASA
Annual Report
The report outlines Awilco LNG's operational and financial performance for the fiscal year 2016. During the year, the company sold its first-generation vessels, WilGas and WilEnergy, for net proceeds of USD 32.2 million, leaving a fleet of two modern TFDE membrane vessels, WilForce and WilPride. Financially, the company recorded freight income of USD 34.8 million and an EBITDA of USD 19.8 million, though it experienced a net loss of USD 22.8 million due to challenging spot market conditions. On the sustainability front, the company maintained a zero Lost Time Injury Frequency (LTIF) and reported zero environmental spills, while continuing its commitment to reducing emissions through the use of LNG boil-off gas for vessel propulsion.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees