Clement's questions to BW LPG Ltd (BWLP) leadership • Q1 2025
Question
Clement asked about extension options in the time charter portfolio, the strategy for increasing time charters, and how recent tariff turmoil affected visibility for the Q2 trading results.
Answer
CEO Kristian Sørensen clarified that charterers, not BW LPG, hold the extension options on time charters. He affirmed the goal to increase time charter coverage to around 40% but only at attractive rates. Regarding the trading segment, he declined to provide Q2 visibility, citing the portfolio's daily fluctuations and noting an update would come in mid-July.