BW LPG in the black after near-doubling of gas rates

BW Group's gas carrier BW LPG headed by Martin Ackermann saw great improvements in the second quarter, when a first quarter deficit turned into an overall profit for the first half of the year.

Photo: PR/BW LPG

Gas carrier BW LPG quickly reversed the trend after booking a considerable deficit in the first months of the year.

A solid improvement in LPG rates most recently contributed to a profit that counterbalances the deficit booked in the first quarter. In total, BW LPG thus exits the first half of 2019 with black figures on the bottom line and a pre-tax profit of USD 3.3 million.

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