Investors should follow the ships to VLGC market leader BW LPG after 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 downgrading John Fredriksen’s Avance to “sell” from “hold”.
At the end of December, BW LPG finalised the $1.05bn
