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Avance Gas offloads LNG carrier

Photo of Jason Jiang Jason JiangSeptember 19, 2016
1 Less than a minute

Oslo-listed Avance Gas Holding has announced an agreement for the sale of its LNG carrier Gaea.

While the buyer has not been revealed, Avance said that delivery and payment are scheduled for December 2016.

The sale will generate about $13.3m of net proceeds. Avance Gas said it will further strengthen the company’s liquidity position.

In August, Avance Gas logged a $6.1m impairment loss for the very same vessel “due to changes in the market conditions” during the period.

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Photo of Jason Jiang Jason JiangSeptember 19, 2016
1 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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