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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs