Norway’s Avance Gas Holding is staying positive about VLGC prospects in the best markets since 2015.
The Oslo-listed John Fredriksen company argues that a potential oversupply of gas carriers due to newbuilding deliveries in 2023 may only be temporary.
The shipowner achieved average time charter equivalent (TCE) rates of $46,478 per day in the fourth quarter, up from $33,000 per day in the previous three months.
