Oslo-listed very large gas carriers (VLGCs) specialist Avance Gas has secured a charter extension for one of its vessels.
Avance Gas said that the variable time charter for the 2015-built VLGC Chinook which was supposed to expire in July 2024 would be extended by one year.
The new time charter period will also align with the drydocking window for the ship expected to take place mid-2025.
The company didn’t reveal more details about the contract extension but said that the deal was sealed with an energy major.
The company is an owner and operator of very large gas carriers (VLGCs) and owns sixteen LPG VLGC ships consisting of twelve modern VLGCs including four dual fuel LPG VLGCs and four dual fuel MGCs, capable of carrying full ammonia cargo for delivery in 2025 and 2026.
