The investment enhances the green profile of the
The outlook for the freight market remains healthy, supported by continued strong US LPG exports and growing Asian demand. The price and terms are attractive and we expect that the vessels will also secure attractive financing in line with their environmentally friendly profile.
These vessels offer unrivalled performance coupled with market leading emissions reduction and with the installation of shaft generators, we avoid use of any auxiliary engines while sailing, removing the requirement to burn 5-7 metric tons of hydrocarbon fuel per day.
This transaction shows Avance Gas’ commitment to building a stronger and sustainable future in line with our ESG commitments.
We have secured a contract with a quality shipbuilder and the payment structure and finance available to us allows us to maintain our capacity to pay dividend.
The Board of Directors
For further queries, please contact:
Ben Martin, CCO
Tel: +41 77 526 47 28
Email: ben.martin@avancegas.com
Randi Navdal Bekkelund, CFO
Tel: +47 22 00 48 29
Email: randi.navdal@avancegas.com
About
For more information about
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
© OMX, source