John Fredriksen-controlled Avance Gas is expecting continued volatility in VLGC markets after it made it back into the black for the first quarter.
The Oslo-listed shipowner said net profit was $15.1m to 31 March, compared to a loss of $15.2m in the same period of 2019.
Revenue from its 14 VLGCs rose to $68m from $28m year-on-year.
