Bermuda, 19 May 2021 - Avance Gas Holding Ltd (ticker: "AGAS"), will on Thursday 27 May 2021 release its unaudited results for the first quarter of 2021. In connection with the earnings release, an audio
Fratelli Cosulich Group Orders Their First LNG Bunkering Vessel For Operation In The Mediterranean Sea
2021 began on the same trajectory held in 2020, when the Group grew significantly, through the expansion of its fleet (6 general cargo vessels used for steel logistics), the acquisition of historical entrepreneurial businesses, the creation of logistic centres in Central Europe (through the Express Global Group), and other Merger & Acquisition operations in strategic sectors.
The Fratelli Cosulich Group is therefore pleased to announce to have officially placed the order for the construction of an LNG Bunkering Vessel. The ship, which will be built in China, at the CIMC SOE shipyard, with its approximately 5,300 tons of DWT will be able to transport over 8,000 m3 of LNG and 500 m3 of MGO for bunkering. She will be equipped by Wartsila, a leading company in the manufacture of propulsion and power generation systems for marine use with Dual Fuel technology.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
U-Ming secures its First Sustainability-Linked Loan
U-Ming Marine Transport Corporation (“U-Ming”) (TSEC code: 2606), Taiwan’s largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan (“SLL”) of USD45 million with E.SUN Commercial Bank, a testimony on its long-standing commitment and accountability on sustainability.
To secure the SSL, U-Ming underwent a rigorous due-diligence process that evaluated the company’s financial strength as well as ESG achievements. The SSL also incorporates an incentive scheme linked to pre-determined Environmental, Social and Governance (“ESG”) targets, where U-Ming will enjoy a discount on interest rates and save borrowing cost once these targets are achieved. The accomplishment of these targets will be verified by an independent third party.
About Avance Gas
Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world s leading owners and operators of very large gas carrier (VLGC) and operates a fleet of thirteen modern ships and four Dual Fuel LPG newbuildings due for delivery in Q4 2021, Q1 2022, Q4 2022 and Q1 2023. For more information about Avance Gas, please visit: www.avancegas.com (http://www.avancegas.com).
IMPORTANT INFORMATION
These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act ). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale i