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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.

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