Aug 26, 2020 / 01:00PM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Avance Gas Holding Ltd Second Quarter 2020 Earnings Conference Call. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Peder Simonsen. Please go ahead, sir.
Peder Carl Simonsen;Chief Financial Officer -
Thank you. Thank you for dialing in to this presentation of the second quarter results for Avance Gas. I will start to talk a little bit about the key financial highlights, which will follow by a market and company update.
So if we start by moving to Slide 3. We recorded a time charter equivalent rate of just below $29,000 and 94% commercial utilization for the quarter compared to $45,000 per day and 97% utilization previous quarter. We have 5 ships completed special survey by the second quarter and 4 scrubbers have been installed, so we recorded a total of 89 off-hire days for this quarter related to these installments. We have a time charter coverage rate of 21% for the second half of this year at an average rate of just below
Q2 2020 Avance Gas Holding Ltd Earnings Call Transcript
Feb 12, 2024
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