Gas major BW LPG eyes strained market in the second quarter

BW LPG exits 2020 with a decline on the bottom line. The shipping company expects a tougher market in the second quarter after the first quarter brought a record start to the year.

Photo: PR / BW LPG

Singapore-based gas carrier BW LPG, part of the Sohmen-Pao family's BW Group, saw a decline on the bottom line in the pandemic characterized 2020, which became a roller coaster ride for tanker and gas carriers.

BW LPG thus reports of a net-result of USD 244 million in 2020, a drop from USD 274 million in 2019, while revenue came to USD 551 million against USD 547 million the year prior.

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