Brief: BW LPG Declares Cash Dividend Of $0.28 Per Share For Q1

BW LPG

20/05/2025 06:11

May 20 (Reuters) - BW LPG Ltd 1PE.F:

DIVIDEND DECLARED: A CASH DIVIDEND OF US$0.28 PER SHARE WAS DECLARED FOR Q1 2025

Q1 DIVIDEND REPRESENTS AN ANNUALISED DIVIDEND YIELD OF 10%

Q1 TIME CHARTER EQUIVALENT (TCE) INCOME AVERAGING US$39,800 PER AVAILABLE DAY AND US$38,800 PER CALENDAR DAY

Q1 PROFIT AFTER TAX $ 66.6 MILLION VERSUS $149.8 MILLION YEAR AGO

Q1 VLGC FREIGHT RATES AVERAGE $39,800 PER AVAILABLE DAY, $38,800 PER CALENDAR DAY, WITH 96% FLEET UTILISATION

MARKET OUTLOOK: US PRODUCTION OF LPG HAS CONTINUED TO GROW AND EXPORT LEVELS REMAIN IN LINE WITH PREVIOUS MONTHS

MARKET OUTLOOK: MIDDLE EAST LPG EXPORTS ARE ALSO EXPECTED TO GROW IN MID TO HIGH SINGLE DIGITS OVER COMING YEARS

NEW PANAMA CANAL LOCKS ARE CURRENTLY OPERATING AT OR NEAR FULL CAPACITY, WHILE CANAL AS A WHOLE IS WELL SUPPLIED WITH WATER

WE MAY SEE INCREASED NUMBER OF VLGCS SAILING AROUND CAPE OF GOOD HOPE, IF THERE IS MORE COMPETITION FOR PANAMA CANAL TRANSITS OR TRADING PATTERNS CHANGE DUE TO IMPORT TARIFFS ON LPG

MARKET OUTLOOK: WHILE THERE IS STILL UNCERTAINTY SURROUNDING US/CHINA TARIFFS, WE VIEW PREVAILING MARKET FUNDAMENTALS AS SUPPORTIVE

Source text: ID:nObiFxQTKa

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 (Gdansk Newsroom)

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