At the Marine Money Week conference in Manhattan president Christian Andersen indicated that his company plans to submit another offer by the end of the month.

“We believe the best fit is for Avance Gas and Dorian to go together,” he explained, adding: “It’s more likely than unlikely that we will give a bid for Dorian in June.”

If the merger with Dorian fails to take shape this time around Andersen pointed out that his company is exploring other potential avenues for fleet expansion as well.

“There