Shipowner John Fredriksen is set to tighten his grip on Oslo-listed LPG owner Avance Gas as the company reaffirmed its appetite for consolidation in the VLGC segment.
Not only has his private Hemen Holding doubled its shareholding to 18%, but the Norwegian tycoon's key shipping man, Marius Hermansen, is proposed as new chairman of Oslo-listed LPG carrier owner's board of directors.
