BW LPG saw its shares plunge to the lowest level since it went public after the gasship owner reported a second-quarter loss and predicted that low VLGC rates are here to stay.
The drop came after the company slashed its dividend and analysts at Clarksons Platou Securities downgraded the company’s shares to “neutral” from “buy”.
BW LPG’s Oslo-listed shares dumped nearly 9% of their value to reach NOK 25.49
