Avance Gas Holding Ltd (AGAS): Successfully completed the sale of our sixth dual fuel VLGC newbuilding
10 Maggio 2024 - 7:01AM
Avance Gas Holding Ltd (AGAS): Successfully completed the sale of
our sixth dual fuel VLGC newbuilding
Hamilton, Bermuda
May 10, 2024
Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS)
announce the successful sale of the Very Large Gas Carrier (VLGC)
newbuilding hull 2368 in connection with the delivery of her from
Hanwha Ocean yard in South Korea.
The VLGC with the intended name Avance Pollux was sold for an
agreed price of $120 million less broker commission as previously
announced in a press release dated December 8, 2023. The Company
expect to record a book gain and cash release of $36 million and
$62 million respectively from the sale which will be recorded in
the second quarter results.
Øystein Kalleklev, CEO, commented:“During approximately the last
three years we have sold all our five 2008 and 2009 built VLGCs as
well as our two dual fuel VLGCs for delivery this year. All in all,
we have received gross proceeds from these vessel sales of $509
million with associated book gains of $139 million and cash release
of $257 million respectively. Following these transactions, Avance
Gas today has a uniform fleet consisting of eight 2015 eco VLGCs
and four modern dual fuel VLGCs. Additionally, we have four dual
fuel medium sized gas carrier newbuilds equipped to carry both LPG
and full ammonia cargo set for delivery in 2025 and 2026.”
For further queries, please contact:
Media contact: Øystein Kalleklev, CEOInvestor and Analyst
contact: Randi Navdal Bekkelund, CFO
Tel: +47 23 11 40 00
ABOUT AVANCE GASAvance Gas operates in the global market for
transportation of liquefied petroleum gas (LPG). The Company
is one of the world's leading owners and operators of very
large gas carriers (VLGCs) and owns sixteen LPG ships consisting of
twelve modern VLGCs including four dual fuel LPG VLGCs and four
dual fuel MGCs for delivery in 2025 and 2026.
For more information about Avance Gas, please visit
www.avancegas.com.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
Grafico Azioni Avance Gas (TG:A07)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Avance Gas (TG:A07)
Storico
Da Dic 2023 a Dic 2024