Search results for: Avance Gas

104753 results

A list of search results

  • 6 May 2015
    Business & Finance

    Owner and operator of very large gas carriers Avance Gas said that its newbuilds VLGC Breeze and VLGC Monsoon are to join the company’s fleet by the end of May when their respective refitting should be completed. The company decided to drydock the two vessels having found technical defects on the newly built ships. According to […]

  • 22 May 2015
    Business & Finance

    Stolt-Nielsen Gas, a subsidiary Norway’s liquid bulk transporter Stolt-Nielsen Limited,  and Sungas Holdings have agreed to sell up to 5 million common shares in Avance Gas Holding, expected to fetch up to USD 81 million. Stolt-Nielsen Gas and Sungas have sold or agreed to sell  2,500,000 common shares in Avance Gas each, representing around 7.1% of the shares in issue, […]

  • 16 November 2015
    Business & Finance

    In response to the Oslo-listed Avance Gas Holdings’ bid to acquire all shares of Aurora LPG, the company expressed disagreement saying that the offer is not in line with their value. “The preliminary view of the Board of Directors is that the consideration under the Offer deviates significantly from the Company’s absolute and relative values. The Company is currently […]

  • 18 June 2012
    Business & Finance

    Stolt-Nielsen Limited announced on June 7th that Avance Gas Holding Ltd. (AGHL), a company owned equally by Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd., has agreed to acquire two VLGCs-Maran Gas Knossos and Maran Gas Vergina-from Maran Gas Maritime Inc. The ships are expected to join Avance Gas Limited’s (AGL) fleet by the end of […]

  • 7 September 2015
    Business & Finance

    Norwegian owner and operator of Very Large Gac Carriers (VLGC) Avance Gas has revealed plans to drydock another newbuilding, namely the Hull 1077 named Chinook. The vessel is due for delivery from Jiangnan Shipyard on 21st of September, 2015 and will be drydocked in Singapore upon delivery as a precautionary measure. “After reviewing available documentation related […]

  • 26 May 2015
    Business & Finance

    Norwegian owner and operator of very large gas carriers Avance Gas informed that both of its newbuilds, VLGCs Breeze and Monsoon, have completed their warranty repairs related to defective stern tube bearings, under supervision by Lloyd’s Technical Investigation Department. Breeze left drydock at Jurong Shipyard, Singapore on 21 May 2015 and is currently undergoing final […]

  • 16 September 2016

    Oslo-based VLGC operator, Avance Gas on Friday said it has reached a deal to sell the liquefied natural gas (LNG) carrier Gaea. The 1980-built 126,530-cbm LNG tanker is expected to be delivered to an undisclosed owner in December this year, according to a statement by Avance Gas. “The sale proceeds correspond to the book value and […]

  • 12 March 2014
    Business & Finance

    Avance Gas Holding Ltd. (Avance Gas) today confirmed its intention to conduct an initial public offering (IPO) and listing of the company on the Oslo Stock Exchange. Subject to receiving the relevant corporate and regulatory approvals from the Oslo Stock Exchange as well as prevailing market conditions, the IPO is expected to price in April […]

  • 16 April 2015
    Business & Finance

    Owner and operator of liquefied petroleum gas (LPG) carriers Avance Gas plans to send another newbuild for drydocking to rule out potential defects. The company said it was taking actions to drydock VLGC Breeze in Singapore for inspection purposes on 22 April 2015. The ship was delivered to Avance Gas on 9 April 2015. “The drydock will delay […]

  • 7 September 2020
    Human Capital, Outlook & strategy

    Norwegian shipping company Avance Gas has made a number of changes to its management.

  • 16 December 2019
    Business & Finance

    Avance Gas Holding inks shipbuilding contracts for two 91,000 cbm, LPG dual-fuel VLGCs.

  • 15 February 2017
    Business & Finance

    Norway-based transporter of liquefied petroleum gas (LPG) Avance Gas Holding has swung to a full-year net loss of USD 68.2 million from a profit of USD 183.2 million seen in 2015.  During the fourth quarter of 2016, the company delivered a net loss of USD 13.9 million, compared to a net income of USD 45.1 […]

  • 4 August 2020
    Business developments & projects, Infrastructure, Vessels

    Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million.

  • 7 September 2015
    Business & Finance

    Norwegian owner and operator of Very Large Gac Carriers (VLGC) Avance Gas has revealed plans to drydock another newbuilding, namely the Hull 1077 named Chinook. The vessel is due for delivery from Jiangnan Shipyard on 21st of September, 2015 and will be drydocked in Singapore upon delivery as a precautionary measure. “After reviewing available documentation related […]

  • 16 May 2017
    Business & Finance

    Although freight rates saw marginal improvements in the first quarter of 2017, Norway-based transporter of liquefied petroleum gas (LPG) Avance Gas Holding ended the period in loss as markets remained volatile. Namely, the company said that its net loss for the period stood at USD 13.5 million, compared with a net profit of USD 21.1 million […]

  • 15 May 2019
    Business & Finance

    Avance Gas would enable refinance its outstanding debt with the USD 515 million credit facility.

  • 5 November 2015
    Business & Finance

    Nasdaq-listed owner and operator of very large gas carriers (VLGCs) Avance Gas ended the third quarter of the Financial Year 2015 with USD 72.3 million net profit, a 124% increase compared to USD 32.3 million net profit reported in 3Q2014, mostly due to the all-time-high VLGC freight rates and a strong demand for liquefied petroleum gas (LPG) in Asia. […]

  • 17 December 2015
    Business & Finance

    The offer period of Avance Gas Holding’s USD 200 million takeover bid to acquire all the issued and outstanding shares in Aurora LPG Holding ASA (Aurora LPG) expired on 16 December 2015 at 16:30 hours (CET). Following the expiry of the offer period, Oslo-listed Avance Gas noted in a stock exchange filing that not all […]

  • 8 June 2012
    Vessels

    Stolt-Nielsen Limited announced that Avance Gas, a company owned equally by Sungas Holdings and Stolt-Nielsen Gas, has agreed to acquire two VLGCs-Maran Gas Knossos and Maran Gas Vergina-from Maran Gas Maritime Inc. The ships are expected to join Avance Gas Limited’s fleet by the end of August 2012, increasing the size of the fleet to […]

  • 15 April 2014
    Business & Finance

    Avance Gas, one of the world’s leading owners and operators of very large gas carriers, has completed the bookbuilding period for the initial public offering of its shares. Avance Gas has issued 4,894,262 new common shares, each with a nominal value of USD 1.00, at an offer price of NOK 122 per share (less the retail […]

  • 29 April 2014
    Business & Finance

    Avance Gas Holding Ltd, today reported unaudited results for the quarter ended 28 February, 2014. Solid results were recorded mostly due to strong LPG market – US$ 0.50 per share dividend. Some of the highlights for the period include: Time charter equivalent (TCE) earnings were US$ 18.4 million in Q1 2014, up from US$ 11.6 […]

  • 15 December 2015
    Business & Finance

    Having been faced with mounting pressure from its two competitors Avance Gas and BW LPG, Oslo-listed Aurora LPG Holdings ASA said that it intends to intensify its efforts to crystallize underlying values, including through sale of vessels or even the company’s liquidation. “As announced in the Board Statement, it is the Board’s assessment that a liquidation […]