Avance Gas Holding Ltd 2024 AR2
The report highlights a significant year for Avance Gas in 2024, marked by the sale of its entire VLGC fleet to BW LPG and its MGC newbuildings to Exmar, generating a total book profit of $408 million. Following these transactions, the company announced a wind-up process to return all remaining capital to shareholders by the second quarter of 2025. On the environmental front, the company improved its weighted average Carbon Intensity Indicator (CII) by 4.9% compared to 2023, achieving an Annual Efficiency Rate (AER) of 6.32. Additionally, Avance Gas maintained a strong safety record, with its Lost Time Injury Rate (LTIR) improving to 0.46 from 0.74 in the previous year.
Company: Avance Gas Holding Ltd
Sector: Energy
Country: Bermuda
Year: 2024
Type: AR2
Pages: 75
Avance Gas Holding Ltd
Annual Report
The report highlights a significant year for Avance Gas in 2024, marked by the sale of its entire VLGC fleet to BW LPG and its MGC newbuildings to Exmar, generating a total book profit of $408 million. Following these transactions, the company announced a wind-up process to return all remaining capital to shareholders by the second quarter of 2025. On the environmental front, the company improved its weighted average Carbon Intensity Indicator (CII) by 4.9% compared to 2023, achieving an Annual Efficiency Rate (AER) of 6.32. Additionally, Avance Gas maintained a strong safety record, with its Lost Time Injury Rate (LTIR) improving to 0.46 from 0.74 in the previous year.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Net Zero Target