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Lower fleet growth boosts Avance Gas earnings

Gas tanker operator Avance Gas has emerged from 2018 with a smaller deficit and a larger revenue. The company expects a strong 2019 market, partly due to the upcoming sulfur requirements.

Photo: Avance Gas

Avance Gas can look back on a year in which revenue progressed and deficits declined.

The shipping company, which operates large VLGC gas vessels, emerged from 2018 with revenue of USD 129.9 million against USD 112.9 million the year prior, shows the annual report.

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