Greater use of data has contributed to an improved chartering performance at VLGC market leader BW LPG, its chief executive says.
Oslo-listed BW LPG this week reported a stronger than forecast first quarter performance, with analysts at DNB Markets noting the period marked the fifth consecutive quarter in which the owner's spot performance had beaten market expectations.
Martin Ackermann, chief executive of BW LPG, told TradeWinds: "Our spot chartering out-performance is largely attributable to a more data-driven decision making approach to spot fixing decisions, supported by research from our own internal research team as well as investment in vessel tracking software, and most importantly, a strong 'buy-in' from all members of the commercial team into the data-driven way of doing...
