Avance Gas Holding Ltd (AGAS) announced on Friday (Jan21) that the Company has entered into a Time Charter Agreement for a period of 2 years for its second dual fuel VLGC, Avance Capella, to LPG & Ethylene Shipowner and LPG trader, Petredec.
The vessel will commence the time charter shortly after delivery ex-yard in South Korea end of February 2022 and the time charter hire has a mechanism which gives both parties exposure to the spot market rate.