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BW LPG reports record profit following market improvement

Gas shipping company BW LPG headed by Martin Ackermann books its largest quarterly profit ever. The company has a positive market outlook going into 2020.

Photo: PR/BW LPG

Just a few months ago, BW LPG Chief Executive Martin Ackermann predicted to ShippingWatch 18 months of recovery in the LPG sector, and this seems to hold true so far.

In any case, BW Group's LPG shipping company books its highest-ever profit for the third quarter of the year, with the bottom line landing at USD 117 million.

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