BW LPG, which transports liquefied petroleum gas on its tanker vessels, was hit by lower spot rates in the second quarter of 2021, while a number of docked vessels dragged down the company's fleet utilization.
Against this background, the Norwegian gas carrier, which has the Sohmen-Pao family's BW Group in its circle of owners, booked profit after taxes of USD 23.1 million, which is more than a halving from profit of USD 62.1 million in the second quarter of 2020, according to the interim report published Thursday morning.
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