BTIG has launched coverage of John Fredriksen’s Avance Gas with a buy rating amid the projection a VLGC market upturn will take the shipowner back into the black this year.

LPG and tanker stocks race ahead of S&P 500 as recovery unfolds
 Read more
Avance Gas eyes Fredriksen-driven fleet growth and a possible US listing
 Read more
VLGC owner Avance Gas banks $515m refinancing package
 Read more

Avance Gas is one of the top performing shipping stocks this year as the VLGC market recovers from a multi-year downturn.