Norway: Avance Gas Adds Two VLGCs to Its Fleet

Avance Gas Adds Two VLGCs to Its Fleet

Stolt-Nielsen Limited announced that Avance Gas, a company owned equally by Sungas Holdings and Stolt-Nielsen Gas, has agreed to acquire two VLGCs-Maran Gas Knossos and Maran Gas Vergina-from Maran Gas Maritime Inc.

The ships are expected to join Avance Gas Limited’s fleet by the end of August 2012, increasing the size of the fleet to seven VLGCs.

Commenting on the transaction, Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said: “Avance Gas remains focused on its goal of establishing itself as a significant player in the LPG transportation market, where the growth outlook continues to strengthen. These new ships move the company closer to its targeted fleet size, which the company believes will give increased access to spot and contract business with the world’s major shippers of LPG.”

The Avance Gas fleet trades mainly in the spot market, loading in the Middle East for destinations primarily in Asia.

LNG World News Staff, June 08, 2012; Image: marangas


Share this article

Follow LNG World News


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

16th World LNG Summit & Awards Gala Dinner

The summit will provide a perfect opportunity to understand how key players are responding to the price fluctuations and what the outlook is for the future…

read more >

LNG Mini MBA in Project Development

This interactive training programme is designed to enhance the key competencies and skills required across all aspects of commercial LNG project development.

read more >

Gas & LNG Contracts & Negotiations

This intensive course will fully prepare you to negotiate the best deal by understanding the complex processes and terms involved in Gas and LNG Contracts.

read more >

Intergas – VII Oil, Gas & Petrochemicals

Intergas will showcase the opportunities, address the challenges and help drive the sustainable development of the industry.

read more >