05/20
BW LPG (BWLP) announced their results earlier today.
- TCE (for available days) $39,800 daily
- Product Services (trading side) Net loss of $4M
- Profit after Tax $67M
- Q1 Div of 28c/sh
Some hiccups - seems like there are problems with the JV terminal in India (am sure it will be asked in the CC). BW LPG has sold two of the Chinese-built VLGCs (acquired from Avance deal) to the BW India subsidiary. Good move - it reduces the Chinese-built exposure in the event US administration targets the category of vessels.