John Fredriksen’s Avance Gas enjoyed strong rates in the fourth quarter as the Russia-Ukraine crisis increased gas demand.
And the Oslo-listed VLGC owner is optimistic for 2022, despite a seasonal dip in spot rates looming next month.
The company’s average time charter equivalent (TCE) rate was $27,631 per day in the last three months of 2021, a little higher than the $27,548 logged in the third quarter.
