Avance Gas orders two newbuilds from CIMC

Avance Gas has entered into a newbuilding contract with CIMC in China for the construction of two mid-sized LPG/ammonia carriers with dual-fuel engines that can run on LPG as fuel in addition to compliant fuel oil.

The ships will have a cargo capacity of 40,000 cu m and scheduled delivery is during the fourth quarter 2025 and the first quarter of 2026. Contract price for the newbuildings is $61.5m per vessel. As part of the agreement, Avance Gas will have an option to order two further newbuildings at the same terms.