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BW LPG bags USD 60 million Q1 profit

The VLGC player finished the first quarter with an improved profit and operating result, though revenue declined slightly. Rising oil prices could spur increased demand for the liquefied petroleum gas, projects the carrier. BW LPG also bought further shares in Aurora in the quarter.

BW LPG, the world's largest VLGC carrier, closed the first three months of the year with an improved bottom line and a slightly reduced revenue.

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CMA CGM expects sharp decline in freight rates

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