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Avance Gas Holding Ltd (AVANCE.OL)

AVANCE.OL on Oslo Stock Exchange

26.85NOK
24 Apr 2019
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499,141
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kr12.14

Latest Key Developments (Source: Significant Developments)

Avance Gas Holding Appoints Ulrik Andersen CEO
Friday, 12 Apr 2019 

April 12 (Reuters) - Avance Gas Holding Ltd ::REG-AVANCE GAS ANNOUNCES APPOINTMENT OF NEW CEO.REG-AVANCE GAS ANNOUNCES APPOINTMENT OF NEW CEO.ANNOUNCES APPOINTMENT OF ULRIK ANDERSEN AS CHIEF EXECUTIVE OFFICER.ANDERSEN IS APPOINTED CEO EFFECTIVE AUGUST 2019.  Full Article

Avance Gas: Christian Andersen To Step Down As President
Friday, 5 Apr 2019 

April 5 (Reuters) - Avance Gas Holding Ltd ::REG-AVANCE GAS HOLDING LTD: CHANGES TO MANAGEMENT.ANNOUNCES THAT CHRISTIAN ANDERSEN WILL STEP DOWN AS PRESIDENT OF COMPANY.PEDER SIMONSEN (CFO) WILL SERVE AS INTERIM CEO.  Full Article

Avance Gas Holding Net Loss Narrows To $8.9 Mln In Q3
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Avance Gas Holding Ltd ::REG-AVANCE GAS HOLDING LTD REPORTS UNAUDITED RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2018.TCE EARNINGS FOR Q3 2018 WERE $19.1 MILLION, UP FROM $9.3 MILLION IN Q2 2018..NET LOSS OF $8.9 MILLION IN Q3 2018, COMPARED WITH A NET LOSS OF $19.3 MILLION IN Q2 2018.  Full Article

Avance Gas expects higher fleet utilisation to boost VLGC rates
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Avance Gas Holding Ltd ::AVANCE GAS EXPECTS UTILISATION OF GLOBAL VLGC FLEET TO RISE TO ABOVE 92 PERCENT IN 2019 VERSUS CURRENTLY 86-87 PERCENT -AVANCE GAS PRESIDENT AND CO-FOUNDER CHRISTIAN ANDERSEN.AVANCE GAS EXPECTS VLGC RATES TO FIRM UP AGAIN IN Q4 AND MOMENTUM WILL CONTINUE INTO 2019 -ANDERSEN.AVANCE GAS: NEW EAST MARINER II PIPELINE IN U.S. COMMISSIONED IN SEPTEMBER WILL GIVE ABOUT 6-8 VLGC CARGOES PER MONTH, BOOSTING GAS SHIPPING MARKET -ANDERSEN.AVANCE GAS: EXPECTS 10-15 VLGC VESSELS TO BE SCRAPPED IN 2019 AND NET FLEET GROWTH CLOSE TO ZERO -ANDERSEN.AVANCE GAS EXPECTS VLGC SPOT RATES TO RISE ABOVE HISTORIC AVERAGE OF $29,000 IN 2019 VERSUS CURRENTLY AT ABOUT $17,500 PER DAY PER VESSEL -CFO PEDER CARL GRAM SIMONSEN.  Full Article

Avance Gas Holding Says Hemen Acquired 3 Mln Shares In Co
Wednesday, 25 Apr 2018 

April 25 (Reuters) - AVANCE GAS HOLDING LTD ::SAYS HEMEN HOLDING LIMITED ACQUIRED 3,000,000 SHARES IN AVANCE GAS HOLDING.FOLLOWING ACQUISITION, HEMEN HOLDS 11,910,251 SHARES IN AVANCE, EQUALLING 18.46% OF SHARES AND VOTES IN AVANCE.  Full Article

Avance: Hemen Holding Limited Buys 2.5 Million Shares In Avance
Friday, 6 Apr 2018 

April 6 (Reuters) - AVANCE GAS HOLDING LTD ::HEMEN HOLDING LIMITED ACQUIRED 2,500,000 SHARES IN AVANCE GAS HOLDING AT A PRICE OF NOK 22.6974 PER SHARE.FOLLOWING ACQUISITION, HEMEN HOLDS 13.81 PERCENT OF SHARES AND VOTES IN AVANCE.  Full Article

Avance Gas Holding Q4 EBIT Loss $‍​5.8 Million, Lower Than Expected
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Avance Gas Holding Ltd ::Q4 NET LOSS $ ‍​ 12.4 MILLION (REUTERS POLL LOSS $12.4 MILLION).Q4 EBIT LOSS $‍​ 5.8 MILLION (REUTERS POLL LOSS $6.4 MILLION).Q4 TCE EARNINGS $ 15.3 MILLION (REUTERS POLL $15.0 MILLION).  Full Article

Avance Gas Holding Q3 net loss $17.8‍​ mln, in line with expectations
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - AVANCE GAS HOLDING LTD :Q3 EBITDA LOSS $1.3‍​ MILLION (REUTERS POLL LOSS $2.4 MILLION).Q3 TCE EARNINGS $ ‍9.7​ MILLION (REUTERS POLL $8.6 MILLION).Q3 NET LOSS $ 17.8‍​ MILLION (REUTERS POLL LOSS $17.7 MILLION).  Full Article

Avance gas holding Q2 net loss down at $11.1 mln
Tuesday, 29 Aug 2017 

Aug 29 (Reuters) - AVANCE GAS HOLDING LTD ::Q2 TCE RATE FOR FLEET WAS $12,445/DAY, UP FROM $10,505/DAY IN Q1 2017.Q2 TCE RATE FOR FLEET PRIMARILY REFLECTS IMPROVED FLEET UTILIZATION AND ALSO SLIGHTLY FIRMER AVERAGE SPOT RATES.Q2 NET LOSS OF $11.1 MILLION IN Q2 2017, COMPARED WITH A NET LOSS OF $13.5 MILLION IN Q1 2017.Q2 OPERATING REVENUE $ 29.9 MILLION (REUTERS POLL $34.7 MILLION).  Full Article

Avance Gas Holding Q1 oper revenue $30.0 million, slightly below expectations
Tuesday, 16 May 2017 

May 16 (Reuters) - AVANCE GAS HOLDING LTD :Q1 NET LOSS $ 13.5 MILLION (REUTERS POLL LOSS $12.4 MILLION).Q1 OPERATING REVENUE $30.0 MILLION (REUTERS POLL $30.3 MILLION).EXPECTS THE FREIGHT MARKET TO BE CHALLENGING IN 2017 AND EARLY 2018, WITH FREIGHT LEVELS EXPECTED TO BE BELOW CASH BREAK-EVEN.  Full Article