BW LPG Limited reported a Q2 2021 net profit after tax of USD 23.1 million, yielding an annualised return on equity of 7.1% with USD 80.8 million of free cash flow. EBITDA was USD 54.8 million for Q2 2021, representing an EBITDA margin of 58.3% for the quarter. Earnings per share was USD 0.16.
Q2 2021 VLGC freight rates were USD 24,500 per calendar day, or USD 27,500 per available day with 96% commercial utilization. Time Charter Equivalent (“TCE”) income decreased to USD 94.0 million for Q2...