Tanker

Daily earnings at historic high for BW LPG's large gas carriers

With a daily TCE of over USD 63,000, earnings reached historic highs in the third quarter and the company is optimistic regarding the coming years.
According to the shipping company, it was an exceptionally strong market, sustained by growth in LPG exports from the US and greater demand in the Far East. | Photo: Pr / Bw Lpg
According to the shipping company, it was an exceptionally strong market, sustained by growth in LPG exports from the US and greater demand in the Far East. | Photo: Pr / Bw Lpg
by TOMAS KRISTIANSEN

Spot rates for the large gas carriers, VLGCs, were historically high in the third quarter, and this has greatly benefited a shipping company such as BW LPG, according to its financial statement.

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