Very large gas carrier (VLGC) consolidator Avance Gas has placed its pursuit of Dorian LPG on ice, its president says.
Christian Andersen had made New York-listed Dorian its number-one target and had a bid knocked back in January this year.
A second offer was expected this summer but Avance has now decided to take a step back, Andersen reveals.
Speaking to TradeWinds on the wings of the Capital Link conference in London this week, Andersen said he will monitor the situation for the next six to 12 months.
Avance,
