Avance Gas Holding Ord Shs AVACF

Energy Oil & Gas Midstream

Avance Gas Holding Ltd. is a Bermuda-based company that is engaged in the transportation of liquefied petroleum gas (LPG). The Company is an owner and operator of very large gas carriers (VLGCs). The Company provides LPG transportation services to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The Company owns approximately 16 LPG ships consisting of twelve modern VLGCs including four dual fuel LPG VLGCs and four dual fuel mid-sized gas carriers (MGCs). The Company's fleet of vessels includes Mistral (scrubber), Monsoon (scrubber), Breeze (scrubber), Passat (scrubber), Sirocco (scrubber), Levant (scrubber), Chinook, Pampero, Avance Polaris (LPG dual fuel), Avance Capella (LPG dual fuel), Avance Rigel, Avance Avior, and MGC TBN among others.

PINL:AVACF - Post by User

Avance Gas Holding Ord Shs

Bullboard Posts

Next >>

Post by OTCLegendaon Sep 13, 2022 2:37pm

63 Views

Post# 34960043

In The business of transportation

business of transportation of liquified petroleum gas using very large gas carriers (VLGC).

As of Q1 2022, the company has a fleet of 13 VLGCs. Additionally, the company has four VLGC on order that are scheduled for delivery through 2023. This provides growth visibility.

A key reason to like Avance Gas is favorable industry dynamics. For Q1 2022, the company reported day-rate of $37,608 as compared to $27,631 in Q4 2021. With U.S. shale boom having boosted VLGC exports, the day-rate outlook seems positive.

Bullboard Posts

Next >>

Junior helium stock to benefit from new legislation in U.S.