Avance Gas adds two VLGCs at DSME

Norwegian VLGC pure-play owner Avance Gas has increased its newbuilding program at South Korea’s DSME from four to six 91,000 cbm VLGCs.

The additional pair, capable of using LPG as a fuel, are scheduled for delivery in the second half of 2023. Avance says the vessels will also be prepared for ammonia as a fuel as it positions itself for a zero-carbon fuel solution.

Avance Gas, whose largest shareholder is John Fredriksen via Hemen Holdings, currently has a fleet of 13 VLGCs on the water.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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