Edition:
United States

BW LPG Ltd (BWLPG.OL)

BWLPG.OL on Oslo Stock Exchange

31.69NOK
4:20am EDT
Change (% chg)

kr1.51 (+5.00%)
Prev Close
kr30.18
Open
kr30.02
Day's High
kr31.88
Day's Low
kr30.02
Volume
443,341
Avg. Vol
985,393
52-wk High
kr42.01
52-wk Low
kr26.08

Latest Key Developments (Source: Significant Developments)

BW LPG plans $15 mln share buyback
Tuesday, 6 Mar 2018 01:48am EST 

March 6 (Reuters) - BW LPG Ltd ::‍TO INITIATE A SHARE BUY-BACK PROGRAMME, UNDER WHICH IT WILL PURCHASE UP TO US$15 MILLION (APPROXIMATELY NOK 117 MILLION, SUBJECT TO FOREIGN EXCHANGE RATES) OF ITS COMMON SHARES​.‍BUY-BACK PROGRAMME WILL COMPRISE UP TO 4 MILLION COMMON SHARES, REPRESENTING UP TO 2.8% OF COMPANY'S ISSUED SHARE CAPITAL​.‍SHARE BUY-BACK PROGRAMME WILL COMMENCE ON 7 MARCH 2018 AND WILL CONTINUE UNTIL AND INCLUDING 30 APRIL 2018. SHARES PURCHASED WILL BE HELD AS TREASURY STOCK​.  Full Article

BW LPG expects 2 pct net fleet growth in 2018, Q4 lags
Wednesday, 28 Feb 2018 02:11am EST 

Feb 28 (Reuters) - Bw Lpg Ltd ::Q4 EBITDA $ ‍25.9​ MILLION (REUTERS POLL $28.7 MILLION).Q4 NET RESULT $ ‍-19.0​ MILLION (REUTERS POLL $-14.6 MILLION).Q4 TCE REVENUE $ ‍79.3​ MILLION (REUTERS POLL $81.3 MILLION).FREIGHT RATES REMAIN AT LOW LEVELS, WITH RECOVERY BEING DEPENDENT ON INCREASING U.S. LPG PRODUCTION, CONTINUED DEMAND FROM ASIA (ESPECIALLY INDIA AND CHINA) AND GEOGRAPHIC LPG PRICE SPREADS‍​.THE VLGC FREIGHT RATE MARKET HAS SEEN NEWBUILD ORDERS IN EARLY 2018 THOUGH THIS IS EXPECTED TO BE PARTIALLY OFFSET BY SEVERAL SHIPS HEADED FOR SCRAP OVER THE NEXT TWO YEARS.2018 NET FLEET GROWTH, ON AVERAGE, IS EXPECTED TO BE ROUGHLY 2 PCT‍​.2018 CONTRACT COVERAGE IS 14 PCT‍​.  Full Article

BW LPG signs 5 years $150 mln term loan
Tuesday, 6 Feb 2018 02:23am EST 

Feb 6 (Reuters) - Bw Lpg Ltd ::BW LPG ANNOUNCES SIGNING OF USD150 MILLION TERM LOAN.‍HAS SIGNED A USD 150 MILLION 5-YEAR SENIOR SECURED TERM LOAN AGREEMENT TO REFINANCE ITS EXISTING USD150 MILLION REVOLVING CREDIT FACILITY MATURING IN MARCH 2018​.‍ALL-IN COST FOR THIS FINANCING IS LIBOR PLUS 1.7%, WITH AN 8-YEAR AMORTIZATION PROFILE​.‍WITH THIS NEW FACILITY IN PLACE, WE HAVE ENHANCED OUR FINANCIAL FLEXIBILITY AND CONTINUE TO KEEP OUR FINANCING COSTS LOW​.  Full Article

BW LPG's Q3 earnings in line, says Q4 freight rates are $31/t
Thursday, 23 Nov 2017 02:04am EST 

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 posts higher than expected Q2 EBITDA
Friday, 25 Aug 2017 02:06am EDT 

Aug 25 (Reuters) - BW LPG LTD :BW LPG LTD Q2 EBITDA $ 39.6 MILLION (REUTERS POLL $33.5 MILLION).BW LPG LTD Q2 TCE REVENUE $ 91.4 MILLION (REUTERS POLL $90.1 MILLION).BW LPG SAYS THE SHORT-TERM MARKET OUTLOOK REMAINS CHALLENGING AS LOW U.S. INVENTORY LEVELS WILL CONTINUE TO PROP UP DOMESTIC LPG PRICES UNTIL CONFIDENCE RETURNS THAT STOCKS HAVE BUILT SUFFICIENTLY.BW LPG SAYS THE LONG-TERM OUTLOOK FOR CONTINUED GROWTH IN U.S. LPG PRODUCTION AND EXPORTS IS STRONG, EVIDENCED BY THE RESUMPTION OF U.S. NGL INFRASTRUCTURE INVESTMENT.  Full Article

BW LPG announces establishment of joint venture in India
Friday, 28 Jul 2017 01:43pm EDT 

July 28 (Reuters) - BW LPG Ltd :Establishment of joint venture in India.Co, Global United Shipping India Private Limited, have agreed to establish joint venture in India in which parties will own 50 percent each.New joint venture is named BW Global United LPG India Private Limited.As part of deal, co to sell two of its vessels to new co and to that end BW LPG has entered into binding vessel sales contracts.  Full Article

BW LPG Q1 result beats forecast, cautious short term outlook
Monday, 29 May 2017 01:56am EDT 

May 29 (Reuters) - Bw Lpg Ltd :q1 tce revenue $94.7 million (Reuters poll $89 million).q1 ebitda $41.9 million (Reuters poll $30.5 million).q1 net result $8.0 million (Reuters poll $-11 million).short-term outlook remains cautious as we enter the summer months, with continued cargo tightness in the middle east, high U.S. domestic LPG prices and significant newbuilding deliveries for rest of year 2017.this will maintain downward pressure on rates.maintains view that renewed u.s. Lpg production is the key to reopening global price spreads and a more sustained rebound in freight.with the ngl content per barrel of oil on an upward trajectory in the major U.S. shale basins, we are led to believe that the growth of lpg production can potentially outpace the growth rate of crude oil on a comparative basis.  Full Article

BW LPG core earnings beat forecast; cautious near-term outlook
Monday, 27 Feb 2017 02:21am EST 

Bw Lpg Ltd : Q4 ebitda $35.5 million (Reuters poll $30 million) . Q4 TCE revenue $89.9 million (Reuters poll $81 million) . Says recommends no dividend (Reuters poll $0.09) . cautious on the near term market outlook due to the end of the winter demand period, substantial newbuilding deliveries in the first half of the year and the potential for further inventory drawdowns in the u.s. Keeping lpg prices elevated . the medium term fundamentals for vlgc trade are more positive .softening in u.s. Domestic lpg pricing as a result of renewed lpg production growth and a sharp drop off in newbuilding deliveries by late 2017 should allow for an improvement in freight rates in 2018 and beyond if more tonnage is not added.  Full Article

BW LPG core earnings beat forecast; cautious near-term outlook
Monday, 27 Feb 2017 02:21am EST 

Bw Lpg Ltd : Q4 ebitda $35.5 million (Reuters poll $30 million) . Q4 TCE revenue $89.9 million (Reuters poll $81 million) . Says recommends no dividend (Reuters poll $0.09) . cautious on the near term market outlook due to the end of the winter demand period, substantial newbuilding deliveries in the first half of the year and the potential for further inventory drawdowns in the u.s. Keeping lpg prices elevated . the medium term fundamentals for vlgc trade are more positive .softening in u.s. Domestic lpg pricing as a result of renewed lpg production growth and a sharp drop off in newbuilding deliveries by late 2017 should allow for an improvement in freight rates in 2018 and beyond if more tonnage is not added.  Full Article

BW LPG holds 92.7 pct of shares in Aurora LPG after bid expires
Tuesday, 6 Dec 2016 01:19am EST 

BW LPG Ltd : Upon expiry of offer period, BW LPG had received acceptances under offer for approximately 17,782,774 shares, corresponding to 59.92 percent of issued shares in Aurora LPG . BW LPG will, upon completion of offer, own approximately 27,513,428 shares, representing 92.71 percent of issued shares in Aurora LPG (96.06 percent excluding treasury shares) .Shareholders in Aurora LPG representing approximately 17,705,704 shares have chosen to receive their consideration partially in BW LPG shares.  Full Article