Singapore’s BW LPG is seeing increasing appetite among charterers for long-term vessel contracts.

The Oslo-listed VLGC owner has taken more cover this year to protect against any downside in buoyant markets, meaning earnings were lower overall than in the spot market.

VLGC rates ‘defying expectations’ as they near $80,000 per day
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The company still achieved its highest-ever daily time charter equivalent (TCE) rate of $58,700 per day in the first quarter.