BW LPG reported its shipping revenue for the second quarter, reaching $340.8 million. This figure represents an increase compared to the $230.5 million recorded during the same three-month period in the previous year, according to Rigzone.
The company's financial performance was positively impacted by a substantial rise in spot rates. This increase in rates helped to offset a reduction in the number of operating days during the quarter, as stated by Rigzone.
The reported revenue figures highlight a strong financial quarter for BW LPG, driven by favorable market conditions in spot rates within the shipping sector, Rigzone noted.
