Avance: Consolidation urgent in spite of Dorian pool

The new VLGC pool between Dorian LNG and Phoenix does not change Avance's clear-cut goal of achieving consolidation among the biggest players, Avance CEO Christian Andersen tells ShippingWatch.

BY TOMAS KRISTIANSEN

The need for increased consolidation in the VLGC segment has not changed even though Dorian LNG and Phoenix Tankers - a subsidiary of Japanese MOL - will launch a pool collaboration for their major gas vessels, starting January 2015, the CEO of Norwegian Avance Gas, Christian Andersen, tells ShippingWatch after the American and Japanese-owned carriers announced their pool collaboration last week.

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