Fleet growth has helped BW LPG to a stronger fourth quarter performance as the world’s largest VLGC owner boosted its contract coverage.
Oslo-listed BW LPG booked a profit of $82m in the final three months of 2015, up from $65m in the same period 12 months previously.
Bjorn Kristian Roed of Danske Bank says earnings per share of $0.60 were two cents ahead of consensus, during a quarter which saw a strong operating performance for its LGCs.
