Fleet Modernization Avance Gas operates a modern fleet of fourteen VLGCs and is investing in two new dual-fuel LPG carriers scheduled for delivery in late 2021 and early 2022, indicating ongoing fleet enhancement efforts suitable for targeted maintenance and technical service solutions.
Recent Asset Sales The company's sale of its majority fleet to BW Group for over one billion dollars and subsequent asset divestments suggest strategic restructuring, providing opportunities to offer asset management, financing solutions, or new fleet expansion services.
Strong Financing Activity Avance Gas secured significant financing in late 2024, including a $585 million cash infusion and a $22 million debt refinancing, highlighting potential needs for treasury management, financial advisory, and technology-enabled reporting solutions.
Technology Adoption The company's utilization of advanced tech stacks like Snowplow and Akamai signifies a focus on digital infrastructure—an opening for offering cybersecurity, cloud services, or data analytics to support operational efficiency.
Strategic Focus Shift Following the departure of CEO Oystein Kalleklev and a recent emphasis on financing and asset sales, there is a clear shift in strategic focus toward capital restructuring and fleet optimization, which could present opportunities in consulting, system integration, or compliance solutions.