John Fredriksen-controlled LPG owner Avance Gas is holding on to a 16-year-old VLGC that it put up for sale two months ago.
“Price expectations are not exactly being reduced. The market is firm,” company chairman Marius Hermansen said.
Market sources said Avance is seeking at least $40m for the 82,000-dwt Avance (built 2003), which currently is en route to Houston in ballast.
