Norway's Avance Gas Holding is continuing to shed older vessels as its new dual-fuel VLGCs begin to be delivered.

The Oslo-listed owner, controlled by John Fredriksen, said it has agreed a deal to sell the 83,700-cbm Thetis Glory (built 2008), with delivery in February after the current voyage.

No price was revealed, but VesselsValue estimates the ship is worth $51m.