Awilco LNG signs sale and leaseback agreement with CDB Leasing

Awilco LNG has chartered two 156,000 cubic meter membrane LNG carriers, Wilpride and Wilforce, from Bermuda-based owner Teekay Partners since 2013 and sold the vessels to Teekay.

Aeilco LNG signed a financial lease agreement with China Banking Leasing, with the consideration not exceeding US$200 million and the lease period being 144 months.

After the lease expires, Awilco LNG can repurchase the vessel from CDB Leasing.

CDB Leasing stated that the signing of the transaction will help the company increase its revenue and is in line with the company’s business development strategy.

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