Within the next year and a half, Avance Gas - the joint venture between Stolt-Nielsen, Sungas Holdings, and Frontline 2012 - aims to be twice as big as it is today, and the strategy is in the midst of being implemented, CEO Christian Andersen tells ShippingWatch.

"Even though we feel comfortable with the current orderbook, of course the new ships that are being delivered increase the risk of over-contracting, so we'd rather consolidate than increase the capacity in the market."