Norway's Avance Gas has completed a $104m newbuilding finance round linked to environmental performance.
The John Fredriksen-controlled VLGC owner said the sustainability-linked term facility has been arranged with a syndicate of unnamed banks.
The cash will finance the Avance Polaris and Avance Capella, the first of six dual-fuel newbuildings that are scheduled for delivery in the last quarter of this year and the first three months of 2022.
