Avance Gas Finds Work for Its Newbuild
- Business & Finance
Operator and owner of Very Large Gas Carriers (VLGC) Avance Gas Holding has chartered out its newbuild VLGC Monsoon for a 60-90 days time charter.
The Monsoon was delivered on 13 January 2015, together with its sister ship VLGCs Mistral.
The Monsoon’s charter is set to commence in early February, at a rate reflecting the freight market at the time of negotiations, Avance Gas said.
The name of the charterer was not disclosed.
Final talks on a similar charter for Mistral are underway, the company added.
Avance Gas has a newbuilding program of six VLGCs.
As informed, two more newbuilds are pending delivery. Hull 1073 is expected to be delivered late Q1/2015 and hull 1074 is expected to be delivered mid Q2/2015.