Avance Gas Holding now has all its six dual-fuel VLGC newbuildings financed as it notes increasing LPG volumes this year.

The John Fredriksen-controlled, Oslo-listed company said it had signed a $135m sale-and-leaseback agreement with China’s Bank of Communications Financial Leasing (Bocomm Leasing) for ships five and six in the series, Avance Castor and Avance Pollux.

The 91,000-cbm units are scheduled for delivery in the fourth quarter of 2023 and the first quarter of 2024.