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Avance Gas enters into time charter for new ship

Bermudian-based Avance Gas Holding Ltd has entered into a two-year time-charter agreement for the first dual-fuel very large gas carrier, Avance Polaris, to the energy giant TotalEnergies.

Avance, which is engaged in the transportation of liquefied petroleum gas, said the vessel is scheduled as planned for delivery ex-yard in South Korea in January and the time-charter hire has a mechanism which gives both parties exposure to the market.

The company is one of the world's leading owners and operators of very large gas carriers and operates a fleet of 13 ships and six dual-fuel LPG newbuildings due for delivery in Q1 2022, Q4 2022 and Q1-Q4 2023.

Avance Gas Holding Ltd: enters into two-year time-charter agreement (File photograph)

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Published December 14, 2021 at 4:44 pm (Updated December 14, 2021 at 7:43 pm)

Avance Gas enters into time charter for new ship

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