Avance Gas Holding Ltd
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Oystein Kalleklev
- Full Time Employees
- 8
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- Par-la-Ville Place Hamilton HA Bermuda HM 08
- IPO Date
- Jun 9, 2015
- Website
- avancegas.com
- Similar Companies
- Business
- Avance Gas Holding Ltd Avance Gas Holding Ltd engages in the transportation of liquefied petroleum gas (LPG) worldwide through ownership and operation of very large gas carriers (VLGCs) and mid-sized gas carriers (MGCs); the company previously operated a modern fleet of 12 VLGCs and four MGC newbuilding contracts, providing chartering services via contracts of affreightment and spot market voyages to oil majors and traders, transporting LPG primarily from the Middle East Gulf and United States Gulf/East Coast to destinations in Asia, Europe, South America, and India. Founded in 2007 and headquartered in Hamilton, Bermuda, Avance Gas Holding Ltd functions as a subsidiary of Hemen Holding Ltd and historically concentrated on the global LPG shipping segment with vessels including scrubber-equipped VLGCs and dual-fuel, ammonia-ready models such as Avance Avior. In August 2024, the company sold its entire VLGC fleet of 12 vessels to BW LPG for approximately $1 billion, with delivery completed by December 31, 2024, resulting in BW LPG issuing shares that positioned Avance Gas as its second-largest shareholder with a 12.1% stake; in November 2024, it novated its four MGC newbuilding contracts to Exmar LPG BV, closing the transaction in February 2025; following these divestitures, Avance Gas announced no further vessel investments and initiated a voluntary wind-up process approved by shareholders on May 16, 2025, with joint liquidators appointed to distribute remaining funds to shareholders by May or June 2025 and handle creditor claims.
Avance Gas Holding Ltd: Reminder on appointment of joint liquidators, de-listing of shares and dissolution
Avance Gas Holding Ltd: Reminder on appointment of joint liquidators, de-listing of shares and dissolution
Avance Gas Holding Ltd: Special General Meeting – resolutions passed
Avance Gas Holding Ltd: Change in Director Appointment
Avance Gas Holding Ltd: First Quarter 2025 Earnings Release
Avance Gas Holding Ltd (OSE: AGAS) (“AGAS” or the “Company”) – Notice of Special General Meeting
Avance Gas Holding Ltd: Ex Dividend USD 0.74 today - final distribution
Avance Gas Holding Ltd: Key information relating to the final extraordinary distribution of USD 0.74 per share
Avance Gas Holding Ltd: Final extraordinary distribution of USD 0.74 per share
Avance Gas Holding Ltd: Annual Report 2024
Avance Gas Holding Ltd: Ex Dividend USD 0.75 today
Avance Gas Holding Ltd: Key information relating to extraordinary dividend of $0.75 per share
Avance Gas Holding Ltd: Closing of the sale of the MGC fleet and extraordinary dividend of $0.75 per share
Avance Gas Holding Ltd: Mandatory notification of trade by primary insiders
Avance Gas Holding Limited (AVACF) Q4 2024 Earnings Call Transcript
Avance Gas Holding Ltd: Fourth Quarter 2024 Earnings Release
Avance Gas Holding Ltd: SGM Results Notification
Avance Gas Holding Ltd: Invitation to the 2024 Fourth Quarter Presentation
Avance Gas Holding Ltd - Notice of Special General Meeting
Avance Gas Holding Ltd: Ex Dividend USD 3.50 today