John Fredriksen’s Avance Gas is bullish on VLGC prospects this year after logging a rise in first-quarter earnings.
The Oslo-listed shipowner posted a net profit of $24.3m, up from $18.9m in 2021, as revenue rose to $66.5m against $62.5m.
The bottom line was boosted by the sale of two ships bringing in a gain of $6.25m.
