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BW LPG's new gas trading operation roars back into profit in record VLGC markets - TradeWinds

TradeWinds · last updated

BW LPG’s new gas trading operation roars back into profit in record VLGC markets | TradeWinds

Singapore’s BW LPG has revealed a big return to profit for its new gas trading business.

The Oslo-listed VLGC owner said the BW Product Services unit made an estimated net profit of about $10m in the third quarter.

This is before even taking into account a $30m positive change in the mark-to-market valuation of physical shipping positions for the division.

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