John Fredriksen-controlled VLGC company Avance Gas is expecting a return of Chinese demand as the country recovers from Covid-19.
In its annual report, chairman Marius Hermansen said the freight market has remained resilient since year-end, during what is normally a seasonally weaker period.
Solid US LPG production and high inventories had contributed to steady exports in 2019.
Together with disruptions resulting from the IMO 2020 fuel regulations, the strong freight market had continued, he added.
