Sitting in a leather chair in the boardroom of Stolt-Nielsen’s central London headquarters on Kingsway, chief executive Niels Stolt-Nielsen has every reason to smile.

Just hours earlier, the company’s very-large-gas-carrier (VLGC) joint venture, Avance Gas, announced a deal with the city’s most famous shipping resident, John Fredriksen, which will potentially see Avance achieve more growth overnight than it has in the six years since the project was born.

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