Clement Guivarch's questions to BW LPG (BWLP) leadership • Q1 2025
Question
Clement Guivarch inquired about BW LPG's time charter portfolio, asking about extension options, their inclusion in financial slides, and the company's strategy regarding increasing time charter coverage. He also asked how the recent tariff turmoil affected the trading segment and about visibility into Q2 results.
Answer
CEO Kristian Sørensen clarified that time charter options are held by the charterers and are therefore not included in the company's forward projections. He affirmed the goal to increase time charter coverage back to approximately 40% of the fleet, but only at attractive rates. Regarding the trading segment, Mr. Sørensen refrained from commenting on the day-to-day portfolio performance, directing analysts to the mid-July trading update for Q2 status.