Tanker

Ackermann and BW LPG prepare for 18-month LPG upturn

BW LPG CEO Martin Ackermann predicts 18 months of recovery in the LPG sector, where spot rates are currently USD 50,000 per day. "At current levels, we make around USD 1 million in cash a day," the CEO tells ShippingWatch.
Photo: PR/BW LPG
Photo: PR/BW LPG
by SØREN PICO

After several quarters in a particularly difficult market and negatives on the bottom line, BW LPG and other gas carriers now eye significant improvements just ahead.

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