Avance Gas Holding Ltd - Enter into Time Charter Agreement for Avance Polaris

Bermuda - 14 December 2021

Avance Gas Holding Ltd ("AGAS" or the "Company") is pleased to announce that we have entered into a Time Charter Agreement for a period of 2 years for the first dual fuel VLGC, Avance Polaris, to energy major TotalEnergies.

The vessel is scheduled as planned for delivery ex-yard in South Korea in January 2022 and the time charter hire has a mechanism which gives both parties exposure to the market.

About Avance Gas:
Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG).

The Company is one of the world's leading owners and operators of very large gas carrier (VLGC) and operates a fleet of thirteen ships and six Dual Fuel LPG newbuildings due for delivery in Q1 2022, Q4 2022 and Q1-Q4 2023.

Avance Gas, press release