Awilco AS

Ship Owners

Awilco AS is a private investment company based in Norway. Established with a diverse portfolio, Awilco AS primarily focuses on investments in the maritime and offshore sectors. The company's foundation is tied to the maritime heritage of Norway, a country known for its significant contributions to these industries.

Over the years, Awilco AS has developed a reputation for engaging in strategic investments, mergers, and acquisitions. It aims to capitalize on market opportunities by leveraging its extensive industry knowledge and experience.

Key sectors of Awilco's operations include:

Shipping: Awilco has significant activities in the shipping industry, including the ownership and operation of vessels. Their fleet may include tankers, bulk carriers, and other specialized maritime vessels.
Offshore Drilling: The company has investments in offshore drilling, providing essential services for the exploration and production of oil and gas. This includes owning and operating drilling rigs.
Renewables: Reflecting a growing global trend towards sustainability, Awilco has also shown interest in renewable energy projects, including offshore wind and other green energy initiatives.
Real Estate and Other Investments: Diversifying its portfolio, Awilco occasionally delves into real estate and other investment opportunities that align with its strategic goals.

Awilco AS operates with a focus on long-term growth and value creation, often taking a hands-on approach with its investments to ensure alignment with its strategic vision. The company is known for its resilient structure and ability to adapt to changing market conditions, which is critical in the often volatile maritime and offshore industries.

For the most current and detailed information about Awilco AS, including its latest projects, financial performance, and strategic initiatives, interested parties are encouraged to visit the company's official website or contact their corporate communications department.

Ships

WILENERGY

Liquefied Gas Carrier (LNG) | Flag: Marshall Islands | Port: MAJURO

Maritime News

As Subsea Comms Cable Security Comes to the Fore, FCC Mulls New Rules

2 days ago

The Federal Communications Commission voted 5-0 to propose new rules governing undersea internet cables in the face of growing security concerns in the wake of two fiber-optic undersea telecommunication cables being severed in the Baltic Sea this week, which is suspected to be sabotage.The FCC eyes new rules to address the national security concerns over the global network of more than 400 subsea cables that handle more than 98% of international internet traffic."With the expansion of data centers, rise of cloud computing, and increasing bandwidth demands of new large language models, these facilities are poised to grow even more critical," FCC Chair Jessica Rosenworcel said.

Greener Fuels, Cleaner Fuels?

2 days ago

This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine problems caused by off-spec or incompatible fuels as producers grappled with the requirement for providing a sulfur content not exceeding 0.05%. As pointed out in Lloyd’s Register’s 2024 Fuel Quality Report, persistent issues involving cat fines, stability, sulfur content and flash point continue, and isolated incidents of chemical contamination are still occurring.If new, alternative fuels such as methanol cause problems onboard, they are likely to be expensive: the fuels themselves are more expensive than fossil fuels and greater volumes are required.

Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders

3 days ago

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion.Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly

Misunderstanding General Average Concepts Could Harm Offshore Operators

3 days ago

At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.Michiel Starmans, a Fellow of the AAA and Director Legal Department of the Spliethoff Group and Alf Inge Johannessen, an Associate of the AAA and Senior Claims Manager at DOF

Australia and India Talk Maritime, Renewables at G20

4 days ago

Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation, Albanese said in a meeting with India's Prime Minister Narendra Modi in Rio de Janeiro on Tuesday.The two countries, along with the United States and Japan, are members of the Quad, which has sought to balance China's rising military and economic clout in the Indo Pacific region.