OSLO, NORWAY: Avance Gas Holding, a Norwegian company that operates Very Large Gas Carriers (VLGCs), has agreed to sell one of its ships, Venus Glory, for $66 million to a National Oil Company. The ship, built in 2008, was on a two-year charter with IOC until the end of 2023. The sale is expected to…
All posts tagged Avance Gas
Avance signs $104 million sustainability-linked financing
BERMUDA: Avance Gas Holding Ltd has signed and completed the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. The transaction will secure financing of the two first dual fuel newbuildings, Avance Polaris and Avance Capella, scheduled for delivery in Q4 2021 and Q1 2022. The facility has a maturity…
Avance Gas signs two shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering
OSLO: Avance Gas Holding Ltd has entered into shipbuilding contracts for two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea, for delivery Q4 2022 and Q1 2023, a news release said. The investment enhances the green profile of the Avance Gas fleet, allowing the company to take another…
Sungas Holding contemplates sale of shares in Avance Gas Holding
OSLO: Arctic Securities AS has been engaged by Sungas Holding Ltd. to explore the sale of up to 3.0 million existing shares in Avance Gas Holding Ltd., representing approximately 4.65 percent of the share capital and voting rights in the Company. The Transaction is to be conducted by way of an accelerated bookbuilding process. The…