Axel Styrman's questions to BW LPG Ltd (BWLP) leadership • Q4 2024
Question
Analyst Axel Styrman asked about BW LPG's contingency plans for its Chinese-built vessels if the U.S. imposes tariffs, and requested an explanation for a positive charter hire expense on the P&L.
Answer
CEO Kristian Sørensen stated it was hard to speculate on a legislative proposal but noted the company's commercial platform provides flexibility to employ vessels outside the U.S. market. He added that such a tariff would be highly disruptive to the entire shipping industry. CFO Samantha Xu explained the positive charter hire expense was due to off-hire income related to one vessel.