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BW LPG doubles profits in 2014

Gas carrier BW LPG can present a net result after taxes of USD 255.7 million for 2014,  twice as much as last year, and the carrier sees the positive development continue towards 2016.

- | Photo: BW Shipping

The world's largest LPG carrier, BW LPG, had a strong 2014, driven in particular by higher VLGC rates as well as better fleet utilization.

The Oslo-listed company delivered net results after taxes of USD 255.7 million, compared to USD 12.7 million in the previous year, an increase of 103 percent. Revenue grew by 66 percent and came to USD 747.7 million, according to the annual report released Friday.

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