Avance Gas recorded slight profit increase in third quarter

Norwegian gas tanker operator Avance Gas increased profit slightly in the third quarter from the second quarter. The company expects continued growth in 2022 as a result of rising demand and gas output.

Photo: PR/Avance Gas

Gas tanker operator Avance Gas, controlled by Norwegian shipowner and billionaire John Fredriksen, exited the third quarter with a profit of USD 4.2 million, according to an earnings release.

This is a slight profit increase from the second quarter when the company booked a net profit of USD 1.5 million, and Avance Gas' management projects continued growth in the gas market in 2022.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs