Avance Gas Holding Ltd AVACF

Company Overview

Avance Gas Holding Ltd. (OTC: AVACF) is a Bermuda-incorporated company historically focused on the transportation of liquefied petroleum gas (LPG) through a fleet of very large gas carriers (VLGCs). The company operated within the global energy shipping and maritime logistics industries, primarily serving producers, traders, and energy companies involved in the seaborne LPG trade. Its core revenue drivers historically came from time charter contracts, spot market shipping rates, and commercial fleet deployment linked to global LPG export flows, particularly from the United States and the Middle East to Asia and Europe.

The company was established in 2007 and became associated with the broader maritime investment activities of the Fredriksen business network. Over time, Avance Gas expanded into one of the larger independent VLGC operators. In 2024, the company entered into transformative transactions involving the sale of substantially all of its VLGC fleet to BW LPG Limited, materially changing its operational profile. Public disclosures indicate the company subsequently shifted toward returning capital to shareholders and evaluating strategic alternatives following the fleet divestment process.