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BW LPG Ltd (BWLPG.OL)

BWLPG.OL on Oslo Stock Exchange

36.09NOK
21 Sep 2018
Change (% chg)

kr0.47 (+1.32%)
Prev Close
kr35.62
Open
kr36.00
Day's High
kr36.48
Day's Low
kr35.75
Volume
895,203
Avg. Vol
598,923
52-wk High
kr42.01
52-wk Low
kr26.82

Latest Key Developments (Source: Significant Developments)

BW LPG Q2 beats forecast, uncertain about recovery
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - BW LPG Ltd ::BW LPG LTD Q2 EBITDA $ 8.1 MILLION (REUTERS POLL $3.4 MILLION).BW LPG LTD Q2 TCE REVENUE $ 61.2 MILLION (REUTERS POLL $53.1 MILLION).BW LPG LTD Q2 NET RESULT $-27.1 MILLION (REUTERS POLL $-33.6 MILLION).BW LPG LTD: VLGC MARKET REMAINED WEAK IN Q2 AS INVENTORY RESTOCKING IN U.S. AHEAD OF WINTER RESULTED IN LOWER EXPORTS.BW LPG LTD: ON 30 AUGUST 2018, BW LPG ENTERED INTO CONTRACTS TO RETROFIT DUAL-FUEL LPG PROPULSION ON FOUR VLGCS, INCLUDING FUTURE OPTIONS.BW LPG LTD: WITH WORLD'S FIRST LPG-FUELLED ENGINES, BW LPG CONTINUES ITS EMPHASIS ON REDUCING GLOBAL EMISSIONS AND PROMOTING A FUEL-EFFICIENT ALTERNATIVE FOR SHIPPING INDUSTRY.BW LPG LTD: 2018 CONTRACT COVERAGE IS 15%.BW LPG HAS NOT RECEIVED A FORMAL RESPONSE FROM DORIAN TO THE ENHANCED PROPOSAL.BW LPG LTD: WHILE THERE HAS BEEN A RECENT UPTICK IN FREIGHT RATES, OUR SHORT-TERM OUTLOOK REMAINS CAUTIOUS AS WE ENTER THE SECOND HALF OF THE YEAR DUE TO THE LARGE FLEET SUPPLY GROWTH AND EXPECTED DELIVERIES, UNFAVOURABLE GEOGRAPHICAL LPG PRICE SPREADS.BW LPG LTD: WE MAINTAIN OUR VIEW THAT SUSTAINED U.S. LPG PRODUCTION GROWTH AND NO FURTHER NEWBUILD ORDERS ARE KEY TO REOPENING GLOBAL PRICE SPREADS AND REBOUND IN FREIGHT LEVELS.WITH LPG PROPULSION, BW LPG WILL REDUCE ITS SULPHUR OXIDE EMISSIONS BY UP TO 97 PERCENT, ALLOWING FOR FULL COMPLIANCE WITH ALL CURRENT AND FUTURE SULPHUR EMISSIONS REQUIREMENTS.  Full Article

BW LPG reiterates offer for competitor Dorian LPG
Tuesday, 26 Jun 2018 

June 26 (Reuters) - BW Lpg Ltd ::SENDS LETTER TO DORIAN BOARD OF DIRECTORS.HAS COMMUNICATED WITH A SIGNIFICANT PERCENTAGE OF DORIAN'S SHAREHOLDER BASE, AND RESPONSE OF SHAREHOLDERS TO PROPOSED TRANSACTION HAS BEEN OVERWHELMINGLY POSITIVE.WE URGE DORIAN'S BOARD OF DIRECTORS TO RESPOND TO ITS SHAREHOLDERS AND ENGAGE WITH US.SURPRISED THAT DORIAN'S BOARD OF DIRECTORS REJECTED OUR PROPOSAL WITHOUT GIVING US OPPORTUNITY TO ENGAGE IN A DISCUSSION.A DISCUSSION BETWEEN DORIAN AND BW LPG WOULD BE APPROPRIATE TO ADDRESS ANY QUESTIONS DORIAN MAY HAVE ABOUT OUR PROPOSAL AND WE ARE READY TO MEET WITH THEM.WE REMAIN COMMITTED TO COMBINATION OF DORIAN AND BW LPG.CONFIDENT THAT HAVING OPPORTUNITY TO ENGAGE CONSTRUCTIVELY WOULD ENABLE DORIAN BOARD TO CREATE SHAREHOLDER VALUE.  Full Article

Shipper BW LPG's Q1 EBITDA above forecast
Wednesday, 30 May 2018 

May 30 (Reuters) - BW LPG Ltd ::Q1 EBITDA $ 25.3 MILLION (REUTERS POLL $16.4 MILLION).Q1 NET RESULT $- 8.4 MILLION (REUTERS POLL $-27.6 MILLION).VLGC MARKET BEGAN YEAR ON A LIGHT NOTE WITH BENCHMARK BALTIC ROUTE FOR VLGCS AVERAGING US$29.2 PER TON OR US$15,900 PER DAY IN Q1 OF 2018.FOR Q1, RECOVERY IN FREIGHT RATES REMAINED SLOW MAINLY DUE TO WEAKER DEMAND IN JAPAN, INDIA AND SOUTHEAST ASIA.BW LPG: OUR SHORT-TERM OUTLOOK REMAINS CAUTIOUS AS WE ENTER THE SUMMER MONTHS AS FREIGHT RATES REMAIN DEPRESSED DUE TO THE LARGE FLEET SUPPLY GROWTH, UNFAVOURABLE GEOGRAPHICAL LPG PRICE SPREADS, HIGH VLGC UTILISATION OF THE PANAMA CANAL AND GLOBAL GEOPOLITICAL TENSION.BW LPG: CONTINUED GROWTH IN U.S. EXPORTS, THE NEW WAVE OF ASIAN PDH FACILITIES AND EXPANSION OF EXISTING PLANTS AND STRONG GROWTH IN RETAIL DEMAND IN ASIA PACIFIC, SHOULD HELP REBALANCE THE VLGC MARKET.  Full Article

BW LPG's Q3 earnings in line, says Q4 freight rates are $31/t
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - BW LPG LTD :BW LPG LTD Q3 EBITDA $‍18.1​ MILLION (REUTERS POLL $17.7 MILLION).BW LPG LTD Q3 TCE REVENUE $ ‍70.1​ MILLION (REUTERS POLL $70.9 MILLION).BW LPG LTD SAYS ‍FREIGHT RATES HAVE CONTINUED RISING THROUGH Q4 AND CURRENTLY STAND AT US$31 PER TON, DRIVEN BY EMERGENCE OF WORKABLE ARBITRAGE ECONOMICS TO SHIP CARGOES TO ASIAN MARKETS AND STRONG INDIAN LPG DEMAND.OVER THE NEXT TWO YEARS, WE FORECAST THE VLGC FREIGHT MARKET TO FIND FUNDAMENTAL SUPPORT FROM ROUGHLY 3% NET FLEET GROWTH AND CONTINUED MID-SINGLE DIGIT DEMAND GROWTH PER YEAR‍​.  Full Article

BW LPG's CFO bought 5,000 shares
Monday, 19 Jun 2017 

June 19 (Reuters) - Bw Lpg Ltd :Elaine Ong, Chief Financial Officer, has purchased 5,000 shares in BW LPG on 16 june 2017 at a price of nok 27.00 per share.Following this transaction, Ms Ong holds 9,985 shares in BW LPG limited.  Full Article

NORWEGIAN STOCKS-Down from all-time high despite rising oil price

OSLO, Aug 29 (Reuters) - * Norwegian shares traded down on Wednesday * Oslo's benchmark index fell -0.08 pct, or -0.76 points, to 913.75 points and was up by 12.29 pct year-to-date * The broader Oslo All Share Index was down 0.09 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, rose $0.46 to $76.41 a barrel * Among the biggest firms on the Oslo Bourse, Equinor rose 0.32 pct, Telenor fell -1.14 pct and DNB was flat * Turnover at the Oslo Bourse was 2 billion Norwegian crown