John Fredriksen's Avance Gas continues to fix its new dual-fuel VLGCs on term deals.
The Oslo-listed company said that UK owner and operator Petredec has agreed to take the Avance Capella for two years on delivery at the end of February.
No rate has been given but the contact has a mechanism that gives both parties exposure to the spot market rate, which fell $10,000 per day last week as arbitrage windows closed.
