BWLP News & Events

BW LPG announced that it has entered into three-year time charter-out contracts for two of its VLGCs, BW Tucana and BW Yushi. The period charters commenced in January 2026, increasing the fixed-rate time charter-out coverage to approximately 35% of the fleet capacity with an average rate of about USD 43,500 per day for 2026. Due to ongoing negotiations regarding the renewal of current time charters, the coverage level and average hire rates are subject to change prior to the Q4 2025 earnings release.

BW LPG announced a revision to its dividend payment procedure. Going forward, dividend payments will be made on the same date for shares registered with Euronext Securities Oslo trading on the Oslo Stock Exchange, and for shares registered with the Depository Trust Company, trading on the New York Stock Exchange. This will reduce the time it takes for the shareholders with shares registered in Euronext Securities Oslo to receive the dividend payment. Dividend will continue to be denominated in USD and will be converted to NOK for shareholders with shares registered in Euronext Securities Oslo at the prevailing exchange rate. The NOK dividend per share will be announced on the date of the quarterly financial report release and earnings presentation. The updated dividend payment procedure does not affect the company's dividend distribution policy.

BW LPG provided an update on its product services' Q3 segment performance. In Q3, BW product services achieved a realized gain of $15M from portfolio of cargo, freight and hedging transactions. After accounting for the unrealized mark-to-market change of negative $39M from open cargo contracts and hedging transactions, the company ended the quarter with a gross trading result of approximately minus $24M. After general and administrative expenses and income taxes, BW Product Services reported an estimated result of approximately minus $30M for the quarter. The average value-at-risk for the quarter was approximately $5M. BW LPG will release its Q3 financial report on December 2. Says Kristian Sorensen, CEO, "We are pleased to report a continued strong realisation of USD 15 million from our trading activities in Q3, bringing the aggregated realised trading result year-to-date to approximately USD 54 million. Despite turbulent market conditions negatively affecting the mark-to-market valuation of our forward trading portfolio, the portfolio remains firmly net positive thanks to active risk management by the BW Product Services team. Our priority is delivering a positive realised trading result which is the driver for BW Product Services' dividend capacity, although mark-to-market fluctuations should be anticipated amid ongoing macro uncertainties and market volatility."