Norway's Avance Gas has rebounded into the black in the second quarter as rates jumped on the back of increased US exports.
The VLGC owner said net profit was $9.83m, against a loss of $19.26m in the same period of 2018.
Revenue surged to $61.66m against $22.64m a year ago as the average time charter equivalent (TCE) rate for the fleet hit $32,275 per day, up from $11,133 in the first quarter.
