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Avance Gas sells penultimate older VLGC for eye-catching profit - TradeWinds

TradeWinds · last updated

Avance Gas sells penultimate older VLGC for eye-catching profit | TradeWinds

John Fredriksen’s Avance Gas has offloaded another older VLGC for a useful gain as its fleet renewal continues.

The 83,700-cbm Iris Glory (built 2008) has gone for $60m in cash, the Oslo-listed company said.

Owner planning to recycle cash into new ships to meet decarbonisation goals

John Fredriksen’s Avance Gas has offloaded another older VLGC for a useful gain as its fleet renewal continues.

The 83,700-cbm Iris Glory (built 2008) has gone for $60m in cash, the Oslo-listed company said.

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