Avance Gas has turned to the sale and leaseback finance sector due to a lack of regular financing.
The John Fredriksen-controlled company said it had refinanced the 83,000-cbm VLGC Pampero (built 2015) by offloading it for $45m to an unnamed Chinese leasing house.
VesselsValue assesses the unit as worth $60m.
The transaction bears interest below 3.4%
