Avance Gas Holding Ltd: Monsoon to dry dock due to technical defects
(Thomson Reuters ONE) -
Bermuda, 28 March: Avance Gas (OSE: AVANCE) reports that VLGC Monsoon, the
second hull delivered from Jiangnan Shipyard in January 2015, will be dry docked
at Zhoushan Changhong International Shipyard close to Ningbo around 1 April
2015, upon completion of current discharge operations due to technical
irregularities occurred during the voyage from Balboa (Panama) to China. Third
party experts will perform investigations of the cause of the defects once the
ship is docked. The scope of the rectification work and the off-hire period will
be assessed as soon as the report from the experts is received, expected around
mid April. The ship is under warranties from the Jiangnan Shipyard and no major
costs is expected in relation to the dry-docking, apart from possible lost
revenue. Based on the report from the experts, it will also be assessed what
stress test will applied to the sister ships to ensure that no similar technical
defects will occur.
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#1907229]
Unternehmensinformation / Kurzprofil:
Datum: 28.03.2015 - 20:10 Uhr
Sprache: Deutsch
News-ID 381836
Anzahl Zeichen: 2439
contact information:
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