It booked net income of $87.5m versus the $68.9m seen a year earlier, as time charter equivalent (TCE) income more than doubled to $159.2m.
VLGCs were the chief driver of the improved results helped in particular by the fleet acquired from Maersk in late 2013.
“Five of the ten vessels acquired and chartered-in, though delivered in the comparative quarter, were not employed for the full quarter in 2013,” said BW LPG.
The
