Martin Ackermann believes most shipping sectors are facing a “scary” supply backdrop as analysts looked to BW LPG’s contract backlog to underpin continued profitability.
BW LPG released a stronger than forecast first quarter profit on Friday and disclosed it now owns close to one fifth of VLGC rival Aurora LPG.
Ackermann says investors are nervous across the shipping and energy sectors and a number have pulled away from the industry.
“Some
