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BW LPG's profit shrinks in the first quarter

Gas carrier BW LPG exits the first quarter with a drop on the bottom line despite a solid start to the year. The company still expects a stable year but with a slightly weaker market in the second quarter.

Photo: PR / BW LPG

Singapore-based gas carrier BW LPG, part of the Sohmen-Pao family's BW Group, declined on the bottom line in the first quarter.

Despite a solid start to 2021 with high rates, the company ultimately books a small drop on the bottom line in the first three months of the year. Here, profit dropped to USD 71.2 million from USD 80.6 million during the same period last year, shows the company's interim report.

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