BW Group

Challenge to shipping M&A: No one wants to sell in a downturn.

Higher freight rates are piquing investor interest, bringing ship owners back to the capital markets.

Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.

BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.

Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.