Avance Gas (AVACF) 21.7500 $AVACF
Avance Gas Holding Ltd Announces Intention to Conduct an Initial Public Offering (IPO) and List on the Oslo Stock Exchange
Thomson Reuters ONE - Wed Mar 12, 2:37AM CDT
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FRNT - Frontline 2012 Ltd. Sale of eight VLGC newbuildings
Thomson Reuters ONE - Tue Nov 19, 9:36AM CST
Frontline 2012 Ltd. (the "Company" or "Frontline 2012"

is pleased to announce that it has entered into an agreement with Avance Gas Holding Ltd. ("AGHL"

whereby AGHL shall acquire eight, fuel efficient 83,000 cbm VLGC newbuildings from Frontline 2012 immediately following their delivery to Frontline 2012 from the yard. These newbuildings have been ordered by Frontline 2012 from the Jiangnan Changxing Shipyard in China and have expected deliveries between August 2014 and September 2015. AGHL will pay $75.0 million for each newbuilding, of which $17.4 million will be paid upfront and $57.6 million will be paid upon delivery from the yard.