Avance Gas (OTCPK:AVACF) operates in the global market for transportation of liquefied petroleum gas. Avance Gas transports LPG from either Middle East Gulf or US Gulf to destinations in Europe, South America, India and Asia. The company is one of the world's leading owners and operators of very large gas carrier (VLGCs), and operates a fleet of six modern ships and has a new vessel program of eight VLGCs.
The company's new vessels are under construction in Jiangnan, China and two vessels are slated for delivery in 2014 with another six vessels to be delivered in 2015. Post the delivery of all new vessels by August 2015, Avance Gas will become the second largest player in...
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