Singapore's BW LPG is hopeful of continued good earnings from its VLGCs after rates recovered from a "collapse" at the end of the second quarter.
The company's fleet of 46 VLGCs averaged rates of $26,800 per day, with 94% utilisation.
VLGC freight rates plunged at the end of June, and recovered in a V-shape, making the third quarter the weakest so far in 2020, BW LPG said.
