Home Green Marine Avance Gas turn over seventh VLGC to Singapore's BW LPG
December 9, 2024, by Sara Kosmajac
Norway's shipping business Avance Gas has actually provided the seventh of a series of twelve large gas providers (VLGC) to Singapore-based ship owner and operator BW LPG under the $1 billion offer checked in August 2024.
Illustration. Thanks To BW LPG
As divulged, the BW Pompero, which was integrated in 2015, was turned over on December 7. According to London-based information service provider VesselsValue, the 53,800 dwt BW Pompero has a length of 226 meters, a beam of 36.6 meters, and a draft of 12.1 meters.
The Marshall Islands-flagged system is presently thought to be on a variable time charter– novated to BW LPG– which is set to end in August 2025. Worrying the shipment, 1.3 million shares in BW LPG were released to Avance Gas, which forecasts to get net money earnings totaling up to $7 million.
Avance Gas revealed the sale of the 12-vessel batch on August 15, specifying that all were expected to be turned over by the end of December this year. The series consists of 4 91,000 cubic meter dual-fuel VLGCs, of which 2 were integrated in 2022 and 2 in 2023, in addition to 8 2015-built 83,000 cubic meter VLGCs, 6 of which are equipped with exhaust gas cleansing systems, otherwise called scrubbers.
The very first vessel, called Chinook, was provided by the start of November, followed by the 2nd system, BW Capella, the 3rd called BW Sirocco, the 4th called BW Passat, and the 5th one called Avance Levant (now referred to as BW Levant), which were all turned over by the end of that very same month.
It is comprehended that this acquisition has the possible to include ‘considerable' scale to BW LPG's fleet by increasing the variety of owned and run VLGCs from 41 to 53, of which 22 are LPG double fuel.
-
Published: 3 months ago
Simply one day before Pompero was invited by the Singaporean business, Avance Gas turned over the 6th ship, the 2023-built dual-fuel Avance Rigel, relabelled BW Rigel. In connection with this, 2.1 million shares were apparently released to the Norwegian organization. What is more, Avance Gas stated that it anticipated to get net money earnings of $30 million for this system.
