John Fredriksen’s Avance Gas is set to bank a huge profit from offloading its last two VLGC newbuildings as resales.
The unknown buyer will pay $240m for the Oslo-listed company’s last two 91,000-cbm dual-fuel ships on order at Hanwha Ocean in South Korea, giving Avance Gas a $73m profit.
The VLGCs Avance Castor and Avance Pollux were originally scheduled for handover in the third and fourth quarters of this year.
