It booked quarterly profit of $17m as its VLGCs secured contracts of $98,000 per day, compared to an average of $82,000 for the western and eastern markets, according to Aurora’s estimations.
The Oslo-listed owner posted revenue of $31.9m, of which around $27m came from its charter agreements.
Full year profit stood at $43.8m on total revenue of $79m.
Borge Johansen, chief executive for Aurora, told TradeWinds: “We are pleased that we managed to secure good rates and it is important for us to maintain this level of earnings.
“We
