Norway’s Awilco LNG returned to profitability in the fourth quarter of 2020 thanks to much improved freight income.
The Oslo-listed shipowner reported a pre-tax profit of $1.2m, in a turnaround from a $6.5m loss in the previous quarter.
Awilco LNG said it made a $7.9m pre-tax, full-year loss in 2020, down from a $8.3m deficit in 2019.
The LNG carrier owner's figures were helped by an upturn in income in the final quarter of 2020.
