BW LPG profit hits record as VLGC sold for $20m gain

Singapore’s BW LPG has posted its best-ever earnings as it lined up a VLGC sale.

The Oslo-listed owner said daily time charter equivalent rates averaged $61,800 per day between July and September as levels hit new records.

DNB raises VLGC demand forecast but owners ‘not out of the woods’ on deliveries

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Net profit was $122.3m,