Avance Gas Holding Ltd. announce a new Time Charter for the VLGC Pampero. Pampero is currently on a 12-month Time Charter with a trader which expires in November 2023. The charterer has now agreed to a new Time Charter which will commence in direct continuation of the existing Time Charter. Pampero is a non-scrubber 2015 built VLGC with 84,000 cbm
cargo capacity. The new Time Charter has a minimum duration of 21 months securing employment for the ship until she is due for the 10-year special survey in the third quarter of 2025. The rate under the Time Charter is fixed and will add about $29 million in firm backlog to the Company. The charterer will also have the option to extend the new Time Charter by one year following the completion of the 10-year special survey.