Brief: BW LPG Q3 TCE Income Up At $195.4 Mln

BW LPG

14/11/2023 06:23

Nov 14 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * BW LPG'S FINANCIAL RESULTS FOR Q3 2023
    * FROM Q3, DIVIDEND POLICY IS REVISED TO REFLECT BW LPG'S
SHIPPING
CORE
    * Q3 VLGC FREIGHT RATES $61,800 PER CALENDAR DAY VS $37,200
PER
CALENDAR DAY YR AGO
    * DECLARED Q3 2023 CASH DIVIDEND OF US$0.80 PER SHARE
    * Q3 TCE INCOME SHIPPING $195.4 MLN VS $131.3 MLN YR AGO
    * FOR REMAINDER OF 2023 AND INTO 2024, WE REITERATE OUR
POSITIVE
VIEW OF MARKET AMID HIGH VOLATILITY
    * WE REGARD VLGC SUPPLY TO BE REASONABLE AND CURRENT ENERGY
PRICE
LEVEL TO ENCOURAGE INCREASED OIL AND GAS EXPLORATION

Source text for Eikon:  ID:nObiS9wcqa 
Further company coverage:  BWLPG.OL 

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