Avance Gas Holding Ltd – increasing the newbuilding program to six dual fuel VLGCs hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Avance Gas Holding Ltd - increasing the newbuilding program to six dual fuel VLGCs
Bermuda, 21 April 2021: Avance Gas Holding Ltd (OSE: AGAS) announces that it has increased its dual fuel VLGC newbuilding program from four to six 91,000 CBM vessels. The newbuilding program is with Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea, with the two additional VLGCs announced today for delivery second half 2023.
The vessels are capable of burning LPG and will have an unrivalled performance with lower consumption, larger cargo intake, reduced bunkering time and will have significantly lower CO2 emissions with an estimated reduction of 39,5% compared to a 2010 Korean built VLGC design at 16 knots. Further, the vessels are intended to be prepared for ammonia as fuel as we are positioning ourselves for a zero-carbon fuel solution as soon as the technology is ready and feasible. The investment highlights our commitment towards de-carbonisation of the LPG and shipping industrie
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Avance Gas Holding Ltd - ESG report 2020
Bermuda, 15 April 2021: Avance Gas Holding Ltd.
This is our third ESG report, which has been prepared in accordance with the Marine Transportation framework established by the Sustainability Accounting Standards Board (SASB), incorporating its indicators and related definitions, scope, and calculations. This standard has enabled us to identify, manage and report on material ESG factors specific to our industry. Additionally, we have incorporated the principles of the UN Global Compact, and the report is compliant with the Euronext ESG Reporting Guidelines.
For further queries, please contact:
Randi Navdal bekkelund, CFO
Tel: +47 22 00 48 29
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
About Avance Gas
Avance 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 carrier (VLGC) and operates a fleet of thirteen modern ships and four Dual Fuel LPG newbuildings due for delivery in Q4 2021, Q1 2022, Q4 2022 and Q1 2023. For more information about Avance Gas, please visit: www.avancegas.com (http://www.avancegas.com).
IMPORTANT INFORMATION
These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act ). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale i