Q3 2021 Avance Gas Holding Ltd Earnings Call Transcript

Feb 12, 2024

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Nov 25, 2021 / 01:00PM GMT
Operator

Good day, and thank you for standing by, and welcome to the Avance Gas Holding's Third Quarter Earnings Call. (Operator Instructions) And please be advised today's conference is being recorded. (Operator Instructions)

And I'd now like to hand the conference over to your first speaker today, CEO, Kristian SÃ¸rensen. Please go ahead.

Kristian SÃ¸rensen - Avance Gas Holding Ltd - CEO

Thank you very much, and hello, everyone, and welcome to Avance Gas Q3 presentation. I'm joined here today by our CFO, Randi Navdal; and our Chief Commercial Officer, Ben Martin.

We can go to the next slide, please, with the latest from our lawyers on Slide 3, please. Okay, so let's have a look at the highlights for the quarter. We achieved TC earnings of $31.6 million, equivalent to $27,548 per day, which includes the ballast cost we, accounting-wise, had to recognize through delivery port for our 3 older vessels, which were fixed on time charter for 2 years at healthy levels at $30,000 a day.

Looking at the spot market, it was more or

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