Investors should follow the ships to VLGC market leader BW LPG following its takeover of the Avance Gas fleet, DNB Markets says.
Analyst Jorgen Lian reiterated a buy rating for the Andreas Sohmen-Pao-backed owner while downgraded John Fredriksen’s Avance to sell from hold.
At the end of December, BW LPG finalised the $1.05bn
