Norway's Avance Gas is blaming global fleet expansion for a growing loss in 2018.
The VLGC company posted a net deficit of $19.26m in the second quarter, from a loss of $9.41m in the same period of 2017.
Revenue was down at $22.64m from $34.63m as the owner was hit by weaker US LPG exports and new tonnage being delivered from yards.
