Oslo-listed BW LPG’s adjusted profit of $81m for the three months to the end of June, passing the $75m analysts had been looking for.
A second spur came with a dividend of $0.78 per share, eclipsing the $0.66 projected by the market.
“It was a strong quarter with strong earnings, coming in with $81m in profit. I don’t think there are many companies in the current shipping environment that are delivering numbers like this,” chief executive Martin Ackermann told TradeWinds.
