John Fredriksen’s Avance Gas has raised expectations of a bumper dividend after impressing analysts in Oslo with the sale of a VLGC on Wednesday.
Avance, the top-performing shipping stock on the Oslo Stock Exchange last year, announced that it had offloaded the 83,700-cbm Venus Glory (built 2008) for $66m.
It is the latest in a string of deals that will mean the shipowner banks a profit of $121m in the next two quarters.
