Awilco LNG remained in the red in the fourth quarter but after refinancing in 2017 the shipowner is positive about the improving market.

Jon Skule Storheill-led Awilco logged a loss of $4.5m for the final three months of last year, leaving it with a $31.8m loss for 2017.

Its quarterly loss was deeper that the $2.5m seen 12 months previously and its full year figure beyond the $22.8m