John Fredriksen, Stolt-Nielsen Gas and Sungas Holding have all supported a private placement by VLGC specialist Avance Gas.
Each of the three key investors have pledged $10m to the $55m placement, which is linked to the revision of bank loans.
Christian Andersen, president of Avance Gas, tells TradeWinds the bank deal and equity raise will give the company a runway until the spring of 2019 at present market levels.
“It
