Fearnleys chief executive Kristian Sorensen is quitting the Norwegian shipbroker to take up the post of chief executive at Avance Gas.

John Fredriksen said in a statement that he was “very pleased” to get Sorensen on board at the Oslo-listed VLGC player.

“With his vast experience from the shipping and LPG markets, he will become a valuable resource to Avance Gas,” he added.