Avance Gas has recorded second quarter results in line with expectations with its red ink reduced from both the previous quarter and the same period of 2016.
Oslo-listed Avance Gas saw utilization move to just below 90% in the quarter as earnings from its VLGCs outperformed the market but it believes rates is in for a difficult 2018.
Christian Andersen’s Avance recorded a bottom line loss of $11.1m
