Avance Gas is a specialized shipping company that owns and operates a fleet of very large gas carriers (VLGCs) designed for the transportation of liquefied petroleum gas (LPG), including propane and butane. Each vessel in the company’s modern fleet features a capacity of approximately 80,000 cubic meters and is equipped with advanced propulsion and gas containment systems. Avance Gas generates revenue through a mix of time charter contracts with major LPG producers and traders, as well as participation in the spot market for flexible cargo movements.
Established in 2007 and incorporated in Singapore, Avance Gas completed its initial public offering on the Oslo Stock Exchange in 2014 under the ticker AGAS, with American depositary receipts trading on the U.S. over-the-counter market as AVACF. Since its listing, the company has pursued a disciplined growth strategy, expanding its fleet primarily through the acquisition of second-hand VLGCs built in the late 2000s and early 2010s. Avance Gas is externally managed by Avance Gas Management Pte. Ltd., which handles technical operation, crewing, and commercial chartering activities.
Avance Gas serves a global customer base with core trade routes linking the U.S. Gulf to Europe, the Middle East to Asia, and cross-Atlantic movements. The company’s geographic footprint is supported by offices in Singapore, Athens and Oslo, enabling close proximity to key shipyards, chartering hubs and maritime advisory services. Avance Gas’s leadership team combines maritime and financial expertise, with a board of directors drawn from international shipping, banking and investment backgrounds to guide strategic and capital allocation decisions.
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