Avance Gas Holding Ltd (OSTO:AVANCEo)
kr 103 1 (0.98%) Market Cap: 7.86 Bil Enterprise Value: 10.34 Bil PE Ratio: 2.47 PB Ratio: 1.22 GF Score: 69/100

Q1 2023 Avance Gas Holding Ltd Earnings Call Transcript

May 30, 2023 / 12:00PM GMT
Release Date Price: kr87.9 (+3.29%)
Operator

Good day, and thank you for standing by. Welcome to the Avance Gas Holding Limited First Quarter 2023 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Oystein Kalleklev, Chief Executive Officer of the company. Please go ahead.

Oystein M. Kalleklev
Avance Gas Holding Ltd - CEO & Director

Thank you, Heidi, and welcome, everybody, to Avance Gas' first quarter results. On the front page here, you will see our newest addition to the fleet, Avance Avior, dual-fuel large VLGC which we took delivery, not from DSME but actually from Hanwha Ocean. It's the second ship delivered from Hanwha Ocean after they changed or rebranded the name from DSME to Hanwha Ocean just now recently and we took delivery of the ship, 10:05 local time. And she's just finished banking and ready to set sail into our booming spot market.

So today, I also have Randi Navdal Bekkelund, who's our CFO, who will go through the numbers a bit later in

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