BW LPG's profit takes big dive in 2016
Gas carrier BW LPG finished 2016 with a bottom line ten times lower than in 2015, due to the overall weaker LPG market. Management expects that the market will improve around a year from now.
BY NIKLAS KRIGSLUND, SHIPPINGWATCH
Oslo-listed gas carrier BW LPG, based in Singapore, exited 2016 with significantly reduced revenue and earnings compared to the year before, as was the case for the carrier's peers in the previously lucrative but now strained market for liquefied petroleum cargoes.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
The blueprint for Dong and Maersk's oil merger
For subscribers
BW Offshore buys another stake in African oil field
For subscribers
Desire to invest rising again in Norwegian offshore
For subscribers
.jpg&w=384&q=75)
