Oslo-listed Aurora LPG has posted a healthy profit in the first quarter as VLGC rates stayed strong in the traditionally weaker first quarter.
The company posted net earnings of $13.92m to 31 March. There was no comparative figure for last year, but it achieved the result from revenue of $21.66m.
Its ships averaged a daily time charter equivalent (TCE) rate of $68,500 per day, $500 per day more than the estimate in its annual results statement in February.
Operating
