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BW LPG exits Q3 with large deficit

Gas carrier BW LPG stayed in the deficit the carrier fell into in the second quarter this year. The negative result is attributed mainly to three factors.

The downturn in the market for the very large gas carriers – VLGC – continued in the third quarter for BW LPG.

The carrier saw its revenue decline in the third quarter to USD 104.8 million, down more than half from the same period last year when revenue came to USD 223.8 million.

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