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LPG crisis hurt Avance Gas in the second quarter

Avance Gas' revenue was more than halved and the result went negative in the second quarter. The markets are disappointing, says management from the LPG carrier which boasts a fleet of 14 VLGC gas vessels.

Photo: Avance Gas

Avance Gas' quarterly report, published Wednesday, clearly illustrates that the LPG markets have experienced a dramatic decline over the last year. A decline which has surprised many stakeholders in the market.

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