Oslo-listed Avance Gas is expecting earnings to rise again in strong markets dominated by the “buzzword” of the Panama Canal.
The John Fredriksen-controlled company said congestion at the waterway is pushing spot rates to record levels.
Avance Gas’ average time charter equivalent rate on a discharge-to-discharge basis was $55,300 per day in the third quarter, up from $50,800 in the second three months.
