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BW LPG Ltd (BWLPG.OL)

BWLPG.OL on Oslo Stock Exchange

34.46NOK
18 Jun 2018
Change (% chg)

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kr34.46
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945,419
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kr42.01
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kr26.35

Latest Key Developments (Source: Significant Developments)

Shipper BW LPG's Q1 EBITDA above forecast
Wednesday, 30 May 2018 

May 30 (Reuters) - BW LPG Ltd ::Q1 EBITDA $ 25.3 MILLION (REUTERS POLL $16.4 MILLION).Q1 NET RESULT $- 8.4 MILLION (REUTERS POLL $-27.6 MILLION).VLGC MARKET BEGAN YEAR ON A LIGHT NOTE WITH BENCHMARK BALTIC ROUTE FOR VLGCS AVERAGING US$29.2 PER TON OR US$15,900 PER DAY IN Q1 OF 2018.FOR Q1, RECOVERY IN FREIGHT RATES REMAINED SLOW MAINLY DUE TO WEAKER DEMAND IN JAPAN, INDIA AND SOUTHEAST ASIA.BW LPG: OUR SHORT-TERM OUTLOOK REMAINS CAUTIOUS AS WE ENTER THE SUMMER MONTHS AS FREIGHT RATES REMAIN DEPRESSED DUE TO THE LARGE FLEET SUPPLY GROWTH, UNFAVOURABLE GEOGRAPHICAL LPG PRICE SPREADS, HIGH VLGC UTILISATION OF THE PANAMA CANAL AND GLOBAL GEOPOLITICAL TENSION.BW LPG: CONTINUED GROWTH IN U.S. EXPORTS, THE NEW WAVE OF ASIAN PDH FACILITIES AND EXPANSION OF EXISTING PLANTS AND STRONG GROWTH IN RETAIL DEMAND IN ASIA PACIFIC, SHOULD HELP REBALANCE THE VLGC MARKET.  Full Article

BW LPG's Q3 earnings in line, says Q4 freight rates are $31/t
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - BW LPG LTD :BW LPG LTD Q3 EBITDA $‍18.1​ MILLION (REUTERS POLL $17.7 MILLION).BW LPG LTD Q3 TCE REVENUE $ ‍70.1​ MILLION (REUTERS POLL $70.9 MILLION).BW LPG LTD SAYS ‍FREIGHT RATES HAVE CONTINUED RISING THROUGH Q4 AND CURRENTLY STAND AT US$31 PER TON, DRIVEN BY EMERGENCE OF WORKABLE ARBITRAGE ECONOMICS TO SHIP CARGOES TO ASIAN MARKETS AND STRONG INDIAN LPG DEMAND.OVER THE NEXT TWO YEARS, WE FORECAST THE VLGC FREIGHT MARKET TO FIND FUNDAMENTAL SUPPORT FROM ROUGHLY 3% NET FLEET GROWTH AND CONTINUED MID-SINGLE DIGIT DEMAND GROWTH PER YEAR‍​.  Full Article

BW LPG's CFO bought 5,000 shares
Monday, 19 Jun 2017 

June 19 (Reuters) - Bw Lpg Ltd :Elaine Ong, Chief Financial Officer, has purchased 5,000 shares in BW LPG on 16 june 2017 at a price of nok 27.00 per share.Following this transaction, Ms Ong holds 9,985 shares in BW LPG limited.  Full Article

BW LPG Q2 above expectations, takes Q2 impairments of $76.4 mln in weak market
Thursday, 25 Aug 2016 

LPG shipper BW LPG Ltd : Q2 TCE revenue $99.4 million (Reuters poll $99.5 million) vs $154.7 mln in q2 2015 . VLGC TCE rates averaged US$28,100/day in Q2 2016 vs $46,600 in Q2 2015 . Q2 ebitda $52.3 million (Reuters poll $49.7 million) vs $105.8 mln in Q2 2015 . Q2 net loss $55.6 million (Reuters poll $20.9 million) vs profit of $80.7 mln in q2 2015 . Q2 ebitda $52.3 million (Reuters poll $49.7 million) . Takes q2 impairment on vessels of net loss $55.6 million (Reuters poll $20.9 million) . Takes q2 impairments usd 76.4 million ($20 mln related to Aurora LPG shares and $55.5 mln related to vessel values) . On average, market values for LPG vessels have fallen by about 20 pct since the beginning of the year . BW LPG ltd: there appears to be no seasonal upturn in rates this year, and we have thus adopted a more conservative view on the vlgc market and our coa contract coverage . Freight rates currently stand at their lowest level since 2009 as US propane prices have exceeded Asian LPG prices by 50 pct in 2016, and the VLGC fleet has grown by 34 pst since Q2 2015 . 37 vessels have been delivered so far this year, with another 9 set to enter the fleet in the remainder of 2016 and 25 in 2017 . Bw LPG ltd says has strong balance sheet, is positioned to perform through the cycle and take advantage of the current downturn.  Full Article

NORWEGIAN STOCKS-Kongsberg, Hoegh and Questerre rise on deals, upgrades

OSLO, June 4 (Reuters) - * Norwegian shares traded up on Monday * Oslo's benchmark index rose 0.24 pct, or 2.12 points, to 882.65 points and was up by 8.11 pct year-to-date * The broader Oslo All Share Index was up 0.23 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $0.5 to $76.29 a barrel * Among the biggest firms on the Oslo Bourse, Equinor was flat 0.00 pct, Telenor rose 1.44 pct and DNB rose 0.13 pct * Turnover at the Oslo Bourse was 1.4 billion Norwegian crowns