Avance Gas sees good LPG market in coming years

Norwegian carrier Avance Gas achieved a net result of USD 81.7 million in the past year. The carrier predicts a healthy market for the next two years.

Photo: Avance Gas

Gas carrier Avance Gas, whose owners include big names such as John Frederiksen's Frontline 2013, Sungas Holdings and Stolt-Nielsen, had a strong 2014, driven in particular by an attractive spot market for LPG in the second half of the year.

Avance Gas presents a net result of USD 81.7 million for the 13 months, ending December 31st, 2014. A significant improvement from the equivalent period, ending November 30th, 2013, says the carrier in the annual report Thursday.

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

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Further reading

Related articles

Latest news

See all jobs