ShippingWatch

BW LPG boosts result by USD 100 million on high spot rates

Rising spot rates and higher fleet utilization produced a profit of USD 80 million in the first quarter. Recovery in China, among other factors, helps sustain demand.

Photo: PR/BW LPG

BW Group's LPG shipping company made USD 80 million in the first quarter of the year, a significant increase from a deficit of USD 20.7 million in the same quarter 2019.

Meanwhile, TCE earnings more than doubled and landed at USD 162 million for the first three months of the year, against USD 60.2 million in the same period last year.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs