Avance Gas: Fixture of first Chinese newbuilding

Avance Gas: Fixture of first Chinese newbuilding

ID: 368185

(Thomson Reuters ONE) -


Bermuda, 30 January, 2015: Following the deliveries of VLGCs Mistral and Monsoon
on 13 January 2015, Avance Gas Holding Ltd (OSE: "AVANCE") is pleased to
announce that Monsoon has been fixed for a 60-90 days time charter, commencing
early February, at a rate reflecting the freight market at the time of
negotiations. Mistral is under final negotiations for a similar charter.

Hull 1073 is expected to be delivered late Q1/2015 and hull 1074 is expected to
be delivered mid Q2/2015.

For further queries, please contact:

Christian Andersen, President

Tel: +47 22 00 48 05 / Email: c.andersen(at)avancegas.com

Peder C. G. Simonsen, CFO

Tel: +47 22 00 48 15 / Email: p.simonsen(at)avancegas.com

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 eight modern
ships and has a newbuilding program of six VLGCs. For more information about
Avance Gas, please visit: www.avancegas.com.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Avance Gas Holding Ltd via GlobeNewswire
[HUG#1890793]






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Bereitgestellt von Benutzer: hugin
Datum: 30.01.2015 - 19:30 Uhr
Sprache: Deutsch
News-ID 368185
Anzahl Zeichen: 1957

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