John Fredriksen’s Avance Gas has shed a little more light on its future following the $1.05bn sale of its VLGC fleet to BW LPG earlier this month.
The divestment of the 12 ships will bring in a profit of $315m in the second half, leaving the Oslo-listed owner with four ammonia-capable medium gas carriers (MGCs) on order for delivery next year and in 2026.
