Brief: BW LPG Q4 TCE Income Up At $235 Mln

BW LPG

29/02/2024 06:20

Feb 29 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * MARKET OUTLOOK: SPOT RATES CORRECTED DOWN SHARPLY IN
JANUARY
2024 DUE TO COLD WEATHER INCREASING US LPG PRICES AND THEREBY
REDUCING EXPORTS
    * Q4 VLGC FREIGHT RATES $ 75,000 PER CALENDAR DAY VERSUS
$53,300
PER CALENDAR DAY YEAR AGO
    * Q4 TCE INCOME $ 235 MILLION VERSUS $186.0 MILLION YEAR AGO
    * MARKET OUTLOOK: HIGH OIL PRICE LEADING TO INCREASED OIL
AND GAS
PRODUCTION CONDUCIVE TO CONTINUED STRONG EXPORT GROWTH FROM US
AND STEADY GROWTH FROM MIDDLE EAST
    * MARKET OUTLOOK: NEWBUILDING DELIVERIES ABATE AFTER Q1 2024
WHILE
13 SHIPS SCHEDULED FOR DELIVERY IN 2025
    * MARKET OUTLOOK: FORWARD FREIGHT AGREEMENTS PRICE
INDICATING A
POSITIVE SECOND HALF OF 2024
    * MARKET OUTLOOK: UNDERLYING FUNDAMENTALS REMAIN SOUND, AND
WE
REITERATE OUR POSITIVE VIEW FOR 2024, ALTHOUGH WE EXPECT HIGH
VOLATILITY
    * PREPARATORY WORK TOWARDS A DUAL LISTING OF BW LPG SHARES
IN US
ON NEW YORK STOCK EXCHANGE (NYSE) IS PROGRESSING AS PLANNED
    * DUAL LISTING EXPECTED IN Q2 2024

Source text for Eikon:  ID:nObijRsW5a 
Further company coverage:  BWLPG.OL 

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