Singapore VLGC owner BW LPG has logged a big jump in quarterly earnings and revenue as its debt ratio hit a new low.
Net profit to 31 March was up at $149.8m, from $130.7m a year ago, as revenue edged above $1bn, compared to $893m in 2023.
The company said the performance was “strong”, with daily vessel earnings of $59,400 and 95% fleet utilisation.
