ShippingWatch

Avance Gas reduces deficit and eyes better 2018

2017 was a year characterized by setbacks for the major gas carriers, but for this year, VLGC operator Avance Gas expects a recovery. The company fared slightly better in the first quarter this year than in the previous quarter.

Photo: Avance Gas

Avance gas said in its annual report for 2017 that 2018 would be a better year for the major gas carriers, and this expectation is reiterated in the carrier's first quarter interim report.

The shipping company reports a deficit of USD 12.2 million, a slight improvement from a deficit of USD 13.6 million in the fourth quarter 2017.

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