23/05/2023at 14:52

Oil price brings optimism to BW LPG's 2023 outlook

The tanker carrier sees several reasons to have faith in the remaining part of the year. Demand for US liquefied petroleum gas comes from the Far East in particular, says CEO.

by DANIEL LOGAN

The first three months of the year suggest an overall thriving market for vessels carrying liquefied petroleum gas (LPG).

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

BW LPG increases bottom line and completes retrofitting project
For subscribers
BW LPG acquires gas business from Spanish company
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Foto: Daniel Reinhardt/AP/Ritzau Scanpix

Regulation

EU sharpens demands for shipping's CO2 emissions ahead of decisive IMO meeting

The EU nations propose new intermediate targets for the shipping industry’s climate plan towards 2050, including an aim to have 10 percent of fuels coming from sustainable sources in 2030.

For subscribers

”I believe that what we see in the US and also a bit in Europe in different ways is that industrial policy from the side of the government is getting increasingly important," said Maersk CEO Vincent Clerc (left) in a discussion with Danish business minister Morten Bødskov on Danish Shipping's annual day. | Foto: Carsten Lundager

Regulation

Vincent Clerc: Only state intervention can ensure the green transformation

For subscribers

Bulk

Ulrik Andersen exits Golden Ocean with no job lined up

For subscribers

Carriers

Svitzer and unions land eleventh-hour deal

For subscribers

Tanker

Singapore in record clampdown on tankers as dark fleet grows

Tanker

BW Epic Kosan to refinance ships with sustainable loan

For subscribers

Höegh LNG still reaps profits from longer voyages for gas tankers

The gas carrier highlights the Ukraine war as a primary reason for the strong earnings. But geopolitical tensions could also affect the company business negatively.

For subscribers

Tanker

Flex LNG hopes for better fortunes in H2 of 2023

Rates on LNG transportation fell in Q1, but the carrier appears strengthened when compared to the same period in 2022 and sees prospects of increased LNG trade.

For subscribers