Avance Gas is going a lot further than shipping companies promising to pay half of their profit as dividends.
Oystein Kalleklev, executive chairman of the Oslo-listed VLGC owner, was asked on a conference call with analysts if it was safe to assume 100% hand-outs to investors in future.
Kalleklev said: “Some shipping companies are bragging that they are paying 50% of earnings in dividends.
