Avance began the initiative at the close of 2014 and last week stretched the $15m scheme until 6 March.
Omar Nokta of Clarksons Capital said in his weekly report that the buyback was “value-enhancing” for the shipowner at a time when its shares are trading at around 74% of his NOK 145 assessment.
The VLGC specialist last traded at NOK 104.00
