High profile Norwegian gas carrier Avance Gas - whose ownership includes John Fredriksen's Frontline 2012 and Stolt-Nielsen - finished the 2nd quarter 2014 with a net profit of USD 9.6 million, compared to the USD 6.1 million in the three previous months.
The average TCE profit of the fleet - which includes six Very Large Gas Carriers, VLGC's, in operation along with a newbuilding program for a total of eight vessels - came to approximately USD 45,000 per day in the 2nd quarter, compared to USD 34,999 in the previous quarter.
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