Norwegian owner Avance Gas' new CEO Ulrik Andersen has revealed a "very positive market outlook" for VLGCs heading into the remainder of 2019.
Speaking on the company's second quarter conference call, he said Avance is in a very comfortable place, having posted net profit of $9.83m, with TCE earnings more than doubling on the back of increased US exports.
Andersen said the widening of the arbitrage between the Far East and the US Gulf had helped drive business and the US remains "arguably the engine" for future growth.
