Avance Gas Finds Work for Its Newbuild

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.

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