BW LPG has trimmed its loss for the second quarter as it confirmed the sale of a 2001-built very large gas carrier (VLGC).
The VLGC owner reported net deficit of $7m for the period, compared to $55.6m in the corresponding quarter of 2016.
It attributed the red ink to the depressed LPG spot rates as its VLGCs earned an average of $20,300 per day, against $28,100 in the same spell of last year.
