Oslo-listed BW LPG revealed a larger than forecast COA exposure during the three months to the end of June.
Shares in the shipowner lost 3.68% in morning trading after announcing 36.5% of its VLGC ship days for the quarter were on fixed COAs.
A further 8.8% were accounted for via spot COAs and 17.8% were filled by voyage charters, with just 245 ship days to be fixed.
