John Fredriksen has today taken advantage of a fall in Avance Gas shares to hike his holding in the company.
Fredriksen’s Hemen Holding has bought stock worth over $8m in the VLGC specialist, in what marks his second purchase this month.
His latest move comes the day after a downgrade and VLGC rates revision from DNB Markets sent shares in Avance Gas and peer BW LPG into reverse.
