Avance Gas Plans Oslo IPO

OSLO, March 12 (Reuters) - Gas tanker operator Avance Gas Holding is planning an initial public offering (IPO) and aims to list its shares on the Oslo Bourse in April, one of its owners said on Wednesday, joining a flurry of Nordic firms planning stock market debuts. "As part of the IPO, Avance Gas will raise new capital to pursue consolidation opportunities, and in … [Read more...]

Frontline 2012 Finalizes Deal to Sell 8 Gas Carriers

Following up on their stated intentions this past August, Frontline 2012 Ltd. has finalized a sale agreement today with Avance Gas Holding Ltd. (AGHL) of eight, 83,000 cbm Very Large Gas Carriers (VLGCs) which are currently under construction at Jiangnan Changxing Shipyard in China. The vessels will be acquired by AGHL immediately upon their respective deliveries to … [Read more...]